While more shoppers than last year – an estimated 134 million up from 128 million people last year – planned to shop Thanksgiving weekend and braved the crowds for store openings as early as midnight, Obama has his own version of Black Friday. He has SHATTERED the budget record for first-year presidents, spending nearly double what Bush did.
In 2001, Bush spent $1.8 trillion, closely matched by Clinton who spent the equivalent of $1.6 trillion in 1993. The last president to spend less than $1 trillion was Ford.
Obama blows them all out of the water with $3.52 trillion in spending, or $1.4 trillion in deficit (ahem – a trillion more than last year) and the budget was $500,000,000 more than last year’s. It’s also over 1/5 of the total spent during Clinton’s 8 years and close to that for Bush’s 8 years.
Ka-ching ka-ching. I guess he can just go print more…