Obama Shatters Spending Record

... For First-Year Presidents

by Staff - November 24th, 2009 - Fox News

President Obama has shattered the budget record for first-year presidents -- spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

Spending for the full 8 years of Bill Clinton - $13.5 Trillion.

Spending for the full 8 years of George W. Bush - $16.8 Trillion.

Projected spending for the full 8 years of Barack Obama - $28.6 Trillion.

His annual deficits nearly equal the total spending of either of his two predecessors.

Looked at another way, if cap-and-tax and health-care are passed (neither of which is included in the $28.6 Trillion shown above) he will spend more in 8 years than his two predecessors spent in 16 years. This is a record that will destroy our nation. No one can spend like this and not tear American society to shreds.