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Under Bush, spending soars ..... (share this with your repug friends)

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cthrumatrix Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-03 01:15 PM
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Under Bush, spending soars ..... (share this with your repug friends)
Under Bush, spending soars
By Ron Hutcheson
Inquirer Washington Bureau

WASHINGTON - President Bush came to office saying he was a fiscal conservative, but federal spending has skyrocketed on his watch. And it's not just the Pentagon that's getting more federal dollars.

Overall spending is up at least 16 percent since he took office, far more than the 2 percent average annual inflation rate over the same period. According to one recent analysis, the government now spends $20,000 a year for every household in the United States, the most since World War II.

In the meantime, the $236 billion federal surplus Bush inherited in January 2001 has turned into a $374.2 billion deficit.

Today, Bush will usher in another big, new spending program, signing Medicare legislation that creates a prescription-drug benefit for senior citizens at an estimated cost of $400 billion over the next 10 years.


snip

http://www.philly.com/mld/inquirer/7438982.htm

there are even some nice charts and graphs if your repug friends have trouble reading (since all thier data comes from faux )
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