Dubious Distinction

The Obama administration is shattering all records for spending in its first year:

In fiscal 2009 the federal government spent $3.52 trillion — $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. … [C]ompared with other presidents’ first years in office, Obama is running circles around them.
Bush spent $1.8 trillion in 2001, according to government budget figures that have been adjusted for inflation based on 2000 dollars. Using the same formula, former President Bill Clinton spent $1.6 trillion in 1993.
The last president to clock in under $1 trillion was Gerald Ford, who logged a $982 billion budget in 1975. Post-war Dwight Eisenhower even brought Uncle Sam’s tab down to $556 billion in his first year, 1953.
Obama’s first-year budget, adjusted for inflation, is about five times that.

It’s a good thing the era of big government is over!


Books to read from Power Line