When speaking of the new 2009 budget submitted by the Whitehouse, claims seem to be wildly overstated.
When taking office, the Obama Administration inherited a $1.3 trillion yearly deficit. That includes the costs of the wars.
The new budget submitted by the Obama Administration extends that to $1.8 trillion. That means the changes and additions to the budget come to “only” $500 billion, or .5 trillion more that what was inherited. Not bad, considering the first round of TARP funds sought and approved by the Bush Administration was $700 billion, alone.
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Posted under Energy, Healthcare, Keeping Informed, Stimulus, Taxes
This post was written by PoliticsRX on April 1, 2009
