A Trillion Here, a Trillion There — Pretty Soon, It Starts Adding Up to Real Money February 4, 2008
Posted by Webmaster in Economics and Finance.trackback
The Federal government had its first $1 trillion budget in 1987, towards the end of the Reagan administration. Through the whole of Bush 41’s and Clinton’s time in office, twelve years between them, the Federal budget still started with a 1.
Bush 43 has presided over the first $2 trillion budget (2002), and will apparently do so over the first $3 trillion one (2009). Thankfully, this is final budget proposal — if he had a shot at one more, that would would probably be $4 trillion.
Remember, for three-quarters of the Bush 43 administration, he had a Republican House.
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