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jfanent Offline OP
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...if those who want to take Trump down would focus on stuff like this instead, you might get some conservatives on your side.

https://www.cnsnews.com/news/article/ter...-obama-stimulus

Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus
By Terence P. Jeffrey | March 26, 2019 | 12:01 PM EDT

(CNSNews.com) - The federal government spent $1,822,712,000,000 in the first five months of fiscal 2019, the most it has spent in the first five months of any fiscal year since 2009, which was the fiscal year that outgoing President George W. Bush signed a $700-billion law to bailout the banking industry and incoming President Barack Obama signed a $787-billion law to stimulate an economy then in recession.

At the same time that federal spending was hitting this ten-year high, federal tax revenues in the first five months of the fiscal year were hitting a four-year low of $1,278,482,000,000.

According to the Monthly Treasury Statement for February, the Treasury spent $1,822,712,000,000 in the five months from October 2018 through February 2019, the first five months of the federal fiscal year.

The last time the Treasury spent more than that in the first five months of a fiscal year—in inflation-adjusted constant February 2019 dollars—was fiscal 2009. That year, the Treasury spent $1,936,268,470,000.

Fiscal 2009 started with President Bush signing the Troubled Asset Relief Program into law on Oct. 3, 2008; it continued with President Obama, after his January inaugural, signing the American Recovery and Reinvestment Act on Feb. 17, 2009.

At the time, the Bush bank bailout and Obama stimulus were perceived as the two of the biggest emergency spending bills in the nation’s history.

“With evidence mounting that the nation faces a sharp economic downturn, Congress yesterday gave final approval to what may be the biggest government bailout in American history, authorizing the Bush administration to spend $700 billion to try to thaw frozen credit markets and prevent a deep recession,” the Washington Post reported when Bush signed the bank bailout.

The reporting on Obama’s stimulus was similar.

“Warning that its passage into law ‘does not mark the end of our economic troubles,' President Obama on Tuesday signed the $787 billion stimulus package, a measure he called the most sweeping financial legislation enacted in the nation's history,” the Washington Post reported on Feb. 17, 2009.

The Congressional Budget Office said this about the impact the stimulus (H.R. 1) would have on federal deficits: “CBO estimates that enacting the conference agreement for H.R. 1 would increase federal budget deficits by $185 billion over the remaining months of fiscal year 2009, by $399 billion in 2010, by $134 billion in 2011, and by $787 billion over the 2009-2019 period.”

After federal spending hit an all-time high of $1,936,268,470,000 (in constant February 2019 dollars) in the first five months of fiscal 2009, it eventually dropped to $1,595,941,280,000 in the first five months of fiscal 2014. That was the lowest level for the first five months of any fiscal year in the last ten.

Federal spending climbed from $1,702,631,750,000 (in constant February 2019 dollars) in the first five months of fiscal 2018 to $1,822,712,000,000 in the first five months of fiscal 2019....


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Spending more money than you actually have is the American Way, right?

There are lots of reasons to not like Trump. This read more like an argument for not liking the way our economy works or all politicians or the average American.

That's not to say that there isn't any validity to those arguments. The mood I'm in at the moment, those seem like arguments I could get behind.


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