6/29/2004
Since 911, Federal Spending Under Bush Increases at Fastest Rate in 30 Years by The Independent (UK)
Since 9/11, Federal Spending Under Bush Increases at Fastest Rate in 30 Years
Since 2001, even with record low inflation, U.S. federal spending has increased by a massive 28.8% (19.7% in real dollars)with non-defense discretionary growth of 35.7% (25.3% in real dollars)the highest rate of federal government growth since the presidencies of Richard Nixon and Lyndon Johnson. This increase has resulted in the largest budget deficits in U.S. history, over $520 billion in fiscal year 2004 alone. Furthermore, the projected spending for 2005 is a conservative estimate, since it doesn’t include at least $50 billion for the ongoing cost of the Iraq occupation.
http://www.independent.org/tii/content/press_rel/press_040624.html
Since 2001, even with record low inflation, U.S. federal spending has increased by a massive 28.8% (19.7% in real dollars)with non-defense discretionary growth of 35.7% (25.3% in real dollars)the highest rate of federal government growth since the presidencies of Richard Nixon and Lyndon Johnson. This increase has resulted in the largest budget deficits in U.S. history, over $520 billion in fiscal year 2004 alone. Furthermore, the projected spending for 2005 is a conservative estimate, since it doesn’t include at least $50 billion for the ongoing cost of the Iraq occupation.
http://www.independent.org/tii/content/press_rel/press_040624.html
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