"n addition to next year’s spending, Obama proposed more immediate changes that would push spending to $3.94 trillion in the current year. That would result in a record deficit Obama projects will hit $1.75 trillion, reflecting the massive spending being undertaken to battle a severe recession and the worst financial crisis in seven decades.
The budget, while not specifically calling for additional bank bail out funds, also creates a budget allocation of $750 billion for the Treasury Department to purchase financial assets of struggling banks. This amount is $50 billion larger than the first bank bailout."
February 26th, 2009 at 2:04 pm
Here are some past budgets for reference:
* 2009 United States federal budget – $3.10 trillion (submitted 2008 by President Bush)
* 2008 United States federal budget – $2.90 trillion (submitted 2007 by President Bush)
* 2007 United States federal budget – $2.77 trillion (submitted 2006 by President Bush)
* 2006 United States federal budget – $2.7 trillion (submitted 2005 by President Bush)
* 2005 United States federal budget – $2.4 trillion (submitted 2004 by President Bush)
* 2004 United States federal budget – $2.3 trillion (submitted 2003 by President Bush)
* 2003 United States federal budget – $2.2 trillion (submitted 2002 by President Bush)
* 2002 United States federal budget – $2.0 trillion (submitted 2001 by President Bush)
* 2001 United States federal budget – $1.9 trillion (submitted 2000 by President Clinton)
* 2000 United States federal budget – $1.8 trillion (submitted 1999 by President Clinton)
* 1999 United States federal budget – $1.7 trillion (submitted 1998 by President Clinton)
* 1998 United States federal budget – $1.7 trillion (submitted 1997 by President Clinton)
* 1997 United States federal budget – $1.6 trillion (submitted 1996 by President Clinton)
* 1996 United States federal budget – $1.6 trillion (submitted 1995 by President Clinton)
http://en.wikipedia.org/wiki/United_States_federal_budget
February 26th, 2009 at 11:47 am
Taxes + Printing Press = Down Hill Spiral
February 26th, 2009 at 11:21 am
Time to head to the printing press …
February 26th, 2009 at 11:20 am
"n addition to next year’s spending, Obama proposed more immediate changes that would push spending to $3.94 trillion in the current year. That would result in a record deficit Obama projects will hit $1.75 trillion, reflecting the massive spending being undertaken to battle a severe recession and the worst financial crisis in seven decades.
The budget, while not specifically calling for additional bank bail out funds, also creates a budget allocation of $750 billion for the Treasury Department to purchase financial assets of struggling banks. This amount is $50 billion larger than the first bank bailout."