Thursday, February 26, 2009

Obama deficit to equal 2000 federal budget

From the Office of Management and Budget (OMB) Briefing Book

Obama budget to increase spending up from $2.983 Trillion under Bush to $3.938 Trillion this fiscal year. Will decline to $3.552 Trillion next fiscal year, down $714 Billion, but stimulus new spending remains! Obama budget forecast to increase to $3.856 Trillion by end of first term. That is a 29% increase in size of government, assuming no additional spending.

TOTAL federal spending in 2000 was $1.79 trillion.

Total estimated 2009 DEFICIT according to Obama’s budget blueprint will be $1.75 trillion.

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