My question is this: When George W. Bush was spending in an unprecedented fashion, I often heard, "Clinton balanced the budget; what is this guy doing?!" I agreed with them. But, where are those outraged people now? Why is it so horrendous when one guy does it, but then someone from a different party spends us into even more ridiculous debt, it's okay?
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.
In fiscal 2009 the federal government spent $3.52 trillion -- $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush's term and the first eight-and-a-half months of Obama's.
That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush's for 2008, his final full fiscal year in office.