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To: donmeaker

Actually the biggest spending increase was in fiscal 2009. This was caused by the combination of TARP (Much paid back over several years), and the Obama Stimulus package of $800 billion. The 2009 budget was not approved until April 2009, seven months into the FY. Since then there has been no approved budget by Congress.

Because of this the spending has been “approved” through the use of Continuing Resolutions. And including in this spending are the TARP and Stimulus amounts.

Only by Republican spending restraint i.e. the Sequester has any reduction been made.

See a chart here: http://www.usgovernmentspending.com/spending_chart_2000_2012USb_11s1li111mcn_F0f

Related: The Deficit for FY 2013 was declared to be only $680 billion. But 2 days after the debt limit was raised on Oct 16, the US debt jumped $409 billion. The deficit was held down in 2013 through what Jack Lew (treasury Sec) called extraordinary means. As of Nov 28, 2013 the new debt increase for the US is all ready at $494 billion. Much of that a hold over from FY 2013 which is a statistical anomaly.


31 posted on 11/20/2013 8:52:27 AM PST by RDasher ("El Nino is climate, La Nina is weather")
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To: RDasher

Sorry I meant to type Nov 18 not Nov 28.


33 posted on 11/20/2013 8:54:47 AM PST by RDasher ("El Nino is climate, La Nina is weather")
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