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Wednesday, April 29, 2009

The First 100 Days of Spending

It is fitting that on this, the 100th day of the Obama Presidency, the United States House has just passed a $3.4 trillion budget resolution. Since taking office at the end January President Obama has actively pursued a rigorous spending agenda.

Just a quick summary of your money the President has spent in the first 3 months of his 4 year term. He signed into law the “stimulus” bill totaling $787 billion. In early March he also signed the $410 billion omnibus spending bill, which, incidentally is laden with over 9,000 earmarks according to Heritage. So 100 days, $1.2 trillion in money spent. Averaged out that’s nearly $12 billion a day Barack Obama has spent already. To put that in perspective, the U.S. government spent $2.9 trillion in 2008, or just more than twice the Obama administration has spent in the first 3 months.

No matter how you look at this is an unprecedented federal spending rate.

1 comment:

  1. You need to stop the negatives and make proposals. That's the way republicans have taken a back seat in this nation.