Skip to comments.GOP Congress Presides Over Highest Spending Since Obama’s Stimulus
Posted on 10/20/2017 1:04:35 PM PDT by JP1201
(CNSNews.com) - Real federal spending in fiscal 2017, which ended on Sept. 30, was higher than in any year in the history of the United States other than fiscal 2009, which was the year that President Barack Obamas $840 billion stimulus law was enacted.
Fiscal 2017 also saw the second highest real federal individual income tax totals of any year in U.S. history, according to the Monthly Treasury Statement released today.
(Excerpt) Read more at cnsnews.com ...
Trying to tell us that this budget is a monster compared to others? Well, it’s not.
We have not had a budget since 2009.
Ever expanding continuous resolutions are how we do it now.
Fed.gov budget, which is basically Soc. Security, Medicaid/Medicare, Military and Interest on debt - is on upward, one-way autopilot.
[fiscal 2009, which was the year that President Barack Obamas $840 billion stimulus law was enacted. ]
I remember when the DOW, IIRC, hit about 6200 and change in that year. Gas, which had been, $2-$3 hit $1.24.9 at the local convenience store. Then I saw pics of all those idled ships in the Indian Ocean and whole blocks of homes in California boarded up.
Was a tough time, indeed.
Many of Obama’s annual deficits were over a trillion dollars. Of course, that doesn’t even include the quantitative easing by the fed under Obama. That brings the real debt much higher. 650 billion is not good but given recent history not that bad by comparison. We are only going to be able to grow our way out of this debt. The congress will never cut spending.
That’s true in most every year since each budget starts with the previous year budget then adds a bunch of spending.
Absolutely. What has been done? Just more public debt.
Guess we’re gonna find out how it goes.
Fed.gov budget, which is basically Soc. Security, Medicaid/Medicare ... everything else is just chicken feed, including the military
Both socialistic programs you mention absorbed our economy, endangered our national security and severely limited our freedom and liberty to pursue growth and achievement.
All institutions are made mediocre, self serving and turned inward.
Trump does buck the trend, against this tide and all odds.
Obamas $650 billion billion, or however much it was, has been built into every continuing resolution since. It wasn’t just a one time thing.
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