Wednesday, October 19, 2011

Feds Go On A Diet - Spending Up Only 5%

I guess this is what passes for fiscal restraint these days.

Despite all of the rhetoric coming out of Washington about cutting federal spending and living within our means, the numbers don’t lie. According to the recently released numbers by the Congressional Budget Office, our Federal Government spending was up 5% in 2011 over what we spent in 2010. This marks the largest year of budget expenditures in our nation’s history.

The Federal government spent an alarming $3.6 trillion dollars in 2011, more than the previous year and even more than 2009 when President Obama pushed his failed Stimulus package through an attempt to spend us out of a recession.
Eventually this will end. I predict not well.

No comments: