Obama Oversees Largest Increase In Domestic Spending… Ever
Posted by Jim Hoft on Wednesday, September 1, 2010, 7:37 AM
Well, it’s not like we don’t have anything to show for it.
After all, we added another trillion to the national deficit and the unemployment rate has nearly doubled.
The Obama Administration has increased domestic spending by a record 16%. This is the largest increase ever.
The Washington Post reported:
Federal domestic spending increased a record 16 percent to $3.2 trillion in 2009, the Census Bureau reported Tuesday, largely because of a boost in aid to the unemployed and the huge economic stimulus package enacted to rescue the sinking economy.
The rise in spending was the largest since the Census Bureau began compiling the data in 1983. The Washington region was among the biggest beneficiaries of the government’s spending.
With congressional elections looming this fall, the spike in federal spending has emerged as one of the nation’s most contentious political issues.
Many Republicans accuse President Obama and his Democratic allies of being reckless spenders who are harming the nation’s long-term economic prospects by inflating the deficit.
“The stimulus put the nation a trillion dollars further into debt, which was bad enough, but an additional concern is that there will be efforts to extend and make permanent many of the stimulus programs,” said Chris Edwards, an economist at the Cato Institute, a right-leaning think tank.
Nice job destroying the economy, libs.
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Published May 24, 2012 at 8:46 pm - 91 Comments
Kevin P commented:
Ummmm -where’s the 2011 budget Congress????
Opus #6 commented:
The Obama spending orgy is sickening. It is like he is dancing on the graves of our jobs and home-ownership.
Josie commented:
Those are Fiscal Years, of which 2009 was actually largely determined by Bush not Obama. This Cato Institute blogger explains it:
http://www.cato-at-liberty.org/dont-blame-obama-for-bushs-2009-deficit/
chuck in st paul commented:
If Keyesian supply side spending was the fix for a lagging economy we should be in roses now.
But then facts and history never ever confused a libtard or a social justice dunce.
chuck in st paul commented:
“If Keyesian…”
[shoulda been 'Keynesian']
down with dems commented:
Hey, it’s UNPRECEDENTED, and apparently that’s all that matters.
free` commented:
Like most people on the left, obama complained about the USA using 25% of the worlds resources, while only accounting for 2% of the world population. Well he has been successful in changing that. You see an economy that is growing needs energy and when people are financially secure they purchase things. By punishing business obama was able to basically kill two birds with one stone.
Ryan commented:
you mean the “Bush’ budget sent to him by Harry Reid and Nancy Pelosi?