It's kind of awesome to live in a country that can spend $3 trillion a
year, even if a chunk of it is borrowed from the sheikhs and the
Chinese.
http://www.capitolhillblue.com/cont/node/4436
Our big-spender President
February 2, 2008
By DALE McFEATTERS
President Bush's budget for fiscal year 2009, which goes to Congress,
carries an alarming distinction: For the first time in the history of
the republic, annual federal spending will cross the $3 trillion mark.
And federal spending got there early.
That figure had been anticipated but not until next year when the new
president would have been saddled with that honor.
Bush was also in office when the government crossed the $2 trillion
mark in 2002 and the budget, thanks to the president's free spending
Republican allies in Congress, sank into deficit after four years of
surpluses.
To get a sense of the growth of government, consider:
Spending didn't cross the $1 trillion mark until 1987 and the $100
billion threshold until 1972.
Bush also holds the single-year record for worst federal deficit,
$412.7 billion in 2004, and this budget will come close to equaling
that mark, calling for a deficit of around $400 billion this year and
next.
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Borrow and spend president to be replaced by a borrow and spend
Republican Party with another borrow and spend president
Harry
.
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