Thursday, January 21, 2010

Year one spend-a-thon

From the Wall Street Journal Editors
In the past year they have passed: a $447 billion omnibus spending bill for fiscal 2009, a $787 billion stimulus, $3 billion for cash for clunkers, $75 billion in mortgage assistance, $34 billion for children's health care (Schip), $30 billion in anticipated auto bailout losses, with another nearly 11% spending increase teed up for fiscal 2010 for domestic programs.
Total = 1,376,000,000,000 or 1.376 trillion dollars in one year!

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