A Trillion Here, A Trillion There, Pretty Soon It Starts Adding Up To Real Money

6 02 2007

President Bush’s proposed budget for FY 2008?

$2.9 trillion.

His first budget submission, for FY 2002, was $1.9 trillion.  That’s a 53% increase over seven fiscal years.

By contrast, President Clinton’s first budget submission, for FY 1994, was $1.5 trillion, which means that 2002 compared to 1994 was only a 27% increase.


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