Obama 1st U.S. President To Spend $4 Trillion In A Single Year
In conjunction with President Barack Obama’s long-awaited Federal budget request Wednesday, the White House Office of Management and Budget (OMB) released projections that show the President is on track to be the first in the Nation’s history to surpass $4 trillion in spending in the span of a single year.
Although not adjusted for inflation, it doesn’t take complicated formulas to understand the difference between the $450 billion deficit Obama inherited upon taking office in 2008 and the $972 billion deficit the OMB projects this year — down from a high of $1.4 trillion high in 2009.
The OMB expects 2016 to be the year when the President’s spending plan will exceed the $ trillion mark.
Ben Bullard Reconciling the concept of individual sovereignty with conscientious participation in the modern American political process is a continuing preoccupation for staff writer Ben Bullard. A former community newspaper writer, Bullard has closely observed the manner in which well-meaning small-town politicians and policy makers often accept, unthinkingly, their increasingly marginal role in shaping the quality of their own lives, as well as those of the people whom they serve. He argues that American public policy is plagued by inscrutable and corrupt motives on a national scale, a fundamental problem which individuals, families and communities must strive to solve. This, he argues, can be achieved only as Americans rediscover the principal role each citizen plays in enriching the welfare of our Republic.
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