Obama Oversees Largest Increase In Domestic Spending… Ever
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.