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Monday, July 20, 2009

The Washington Spending Machine

The New York Post reports on a dubious milestone; the highest level of government spending ever.

The legislators are on pace to burn through a record $4 trillion in fiscal year 2009 -- approximately $1 trillion more than 2008's history-making expenditure, according to the White House Office of Management and Budget.

Data published by the White House show federal spending has inched upward annually since 1965.

But no other year comes close to matching 2009's $3.997 trillion gusher -- a spending binge that's helped put Congress on track for a record $1.8 trillion deficit. (more)

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