In response to:
Bush - last year spending. FY2009 (Oct 08-Sept 09)
Obama - first year spending. FY2010 (Oct 09-Sept 10)
All numbers in billions of dollars.
--------------Bush----Obama
Budget-----3100-------3500
Stimulus----152---------257
TARP---------700
AIG------------150
Auto Bailout---13---------36
Omnibus------------------410
War suppl(1)-162
War suppl(2)-106
TOTAL--------4383-----4203
Martin Feldstein was quoted, "FY2010 will be Obama's first year. That is his first budget. FY2009 was Bush's budget. Even a 5th grader can see that revenues will go down due to the recession, so deficit spending almost has to take place during these times."
I’m sure by now regular readers are well aware that Texas Congressman Ron Paul is serving out his 12th -- and final -- term in the House of Representatives and will soon retire from public life. Somewhat unexpectedly, however, during his humble and moving final speech on the House floor a few days ago, I was surprised to hear him speak, among other things, about his “failure” to rein in the size and scope of government during his long and distinguished political career. To some extent this is undoubtedly true -- after all, the United States is headed straight...
Pelosi and Reid took over in 2007.