Yes. In only his first ten days in office President Obama has already outspent (or out-porked) what President Bush spent in eight years.
Stimulus, Illustrated (Suitably Flip)
What Else Can We Get For Our $1.2 Trillion? (Suitably Flip)
Debunking the Myth that Government Spending Stimulates the Economy (NewsBusters)
He has certainly changed things
ReplyDeleteYour assertion that Obama has already outspent Bush is patently absurd.
ReplyDeleteOver the last eight years, Bush ran up $10.3 TRILLION in new debt and obligations. (See Nobel prize-winning economist Joseph Stiglitz's article in January's Harper's Bazaar.)
The CBO projects a $1.2 trillion deficit for 2009. Most of that is spending already committed to by Bush (Iraq, for example) and spending made necessary by Bush's fiscal irresponsibility.