Pelosi-Reid Congress Shatters Record For Government Spending
Data published by the White House show federal spending has inched upward annually since 1965.
But no other year comes close to matching 2009’s $3.997 trillion gusher — a spending binge that’s helped put Congress on track for a record $1.8 trillion deficit.
By way of comparison, in fiscal year 2008, Congress tore through a total of $3 trillion with a then-record deficit of $458 billion, according to White House figures.
And the amount of government debt held by the public will have ballooned from $5.8 trillion to $8.5 trillion in less than a year.