Obama Shatters Spending Record for First-Year Presidents


obama5The federal government has spent $3.5 trillion during President Obama’s first year in office. This far exceeds the spending for any other first-year president.

President Obama has shattered the budget record for first-year presidents — spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

In fiscal 2009 the federal government spent $3.52 trillion — $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush’s term and the first eight-and-a-half months of Obama’s.

That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush’s for 2008, his final full fiscal year in office.

That’s a big increase. But compared with other presidents’ first years in office, Obama is running circles around them.

Bush spent $1.8 trillion in 2001, according to government budget figures that have been adjusted for inflation based on 2000 dollars. Using the same formula, former President Bill Clinton spent $1.6 trillion in 1993.

The last president to clock in under $1 trillion was Gerald Ford, who logged a $982 billion budget in 1975. Post-war Dwight Eisenhower even brought Uncle Sam’s tab down to $556 billion in his first year, 1953.

Obama’s first-year budget, adjusted for inflation, is about five times that. His 2009 budget is also close to 21 percent of that for Clinton’s eight years in office — Clinton’s spending added up to $13.5 trillion over his two full terms. Bush spent $16.8 trillion from 2001-2008.

{Fox News/Noam Amdurski-Matzav.com Newscenter}


  1. While I am no fan of the President, you fail to put this story into proper historical context. Obama came into office inheriting the single worst financial meltdown in U.S. history since the Great Depression of 1929. This meltdown was as a result of the rapacious greed that permeated the financial markets and corporate world during 8 years of Republican rule.

    Corporate and financial industry pigs fed freely at the $$$ trough while Bush executive branch regulators [FTC, SEC and the like] were ordered to close their eyes and ears during the pig-out. We thus experienced the single largest shift of wealth from the middle class to the upper class in U.S. history. Indeed [as is generally true during Republican administrations] the rich got very much richer while the middle class and poor got dumped on.

    This is the mess that Obama is desperately trying to dig us out of. No one knows if his economic policies will succeed or fail but I don’t envy him his job…it’s gargantuan, and Obama is no Franklin Delano Roosevelt.

  2. He advocated change so why not change his name to Obower! He’s brought down the dignity of the office BIG TIME. Different than Clinton, though! Where is the transparency that was the hallmark of his “change” policy?
    And the list goes on! Yes, granted, Bush left office with the big meltdown, but that was global! Today’s news talks about Dubai’s meltdown. Is that also Bush’s fault and something that Obower should not be “falted” for? This Obower fella, all he does well is bow to leaders of other super powers regardless of their human rights violations. He’s brought Eretz Yisroel to its knees! He dictates to them as to where they’re allowed to build. Will he next dictate how many children they’re allowed to have too? He’s an abominatin and we’re his ObamaNation!