honesty stephanie???
From your link:
Update, 5:19 p.m.:
Some readers have pointed out that although obama passed the stimulus plan, federal spending under his administration has risen at a very slow pace -- the slowest pace, in fact, "since dwight eisenhower brought the korean war to an end in the 1950's," marketwatch
reported last month.
obama spending binge never happened
commentary: Government outlays rising at slowest pace since 1950s
here are the facts, according to the official government statistics:
• in the 2009 fiscal year — the last of george w. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the office of management and budget.
• in fiscal 2010 — the first budget under obama — spending fell 1.8% to $3.46 trillion.
• in fiscal 2011, spending rose 4.3% to $3.60 trillion.
• in fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the congressional budget office’s estimate of the budget that was agreed to last august.
• finally in fiscal 2013 — the final budget of obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the cbo’s latest budget outlook.
Over obamaÂ’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.
There has been no huge increase in spending under the current president, despite what you hear.
Why do people think obama has spent like a drunken sailor? ItÂ’s in part because of a fundamental misunderstanding of the federal budget.
What people forget (or never knew) is that the first year of every presidential term starts with a budget approved by the previous administration and congress. The president only begins to shape the budget in his second year. It takes time to develop a budget and steer it through congress — especially in these days of congressional gridlock.
the 2009 fiscal year, which republicans count as part of obamaÂ’s legacy, began four months before obama moved into the white house. The major spending decisions in the 2009 fiscal year were made by george w. Bush and the previous congress.
like a relief pitcher who comes into the game with the bases loaded, obama came in with a budget in place that called for spending to increase by hundreds of billions of dollars in response to the worst economic and financial calamity in generations.
and?
Don't worry.....they don't have an answer. The facts are that about 20% of Obama's annual budgets went to pay the interest on the Reagan-Bushes debt:
Total U S Debt
09/30/2009 $11,909,829,003,511.75
(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49
(Times Square Debt Clock Modified To Accomodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86
(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43
(First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38
(Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00
09/30/1982 $1,142,034,000,000.00
(Total Debt Passes $1 Trillion)
09/30/1981 $997,855,000,000.00
