Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus

[afwjam]

CNSNews.com) - The federal government spent $1,822,712,000,000 in the first five months of fiscal 2019, the most it has spent in the first five months of any fiscal year since 2009, which was the fiscal year that outgoing President George W. Bush signed a $700-billion law to bailout the banking industry and incoming President Barack Obama signed a $787-billion law to stimulate an economy then in recession.At the same time that federal spending was hitting this ten-year high, federal tax revenues in the first five months of the fiscal year were hitting a four-year low of $1,278,482,000,000.
According to the Monthly Treasury Statement for February, the Treasury spent $1,822,712,000,000 in the five months from October 2018 through February 2019, the first five months of the federal fiscal year.

https://www.cnsnews.com/news/article...obama-stimulus

[Zippyjuan]

As soon as Republicans get control of government they will do something about that.

[afwjam]

Does not seem to matter which party, spending always grows. I’m glad taxes are down, but we need to stop spending.

[RonZeplin]

Just goes to show ya what bi-partisan cooperation can accomplish,when both wings of the party work together.

Too much MAGA, you can stop now.

[TheCount]

You don't say.

[Slave Mentality]

As soon as Republicans get control of government they will do something about that.

Impossible with all the RINOs and neocons from the MAGA-Adelson-Jarvanka-Bolton wing of the party pushing the buttons behind the scenes.

No true Republican, blarg, blarg, blarg.

[kcchiefs6465]

//

[afwjam]

Has trump said anything about cutting spending? Anything from anyone in the GOP? Maybe this was temporary and it’s going down soon?

[juleswin]

Has trump said anything about cutting spending? Anything from anyone in the GOP? Maybe this was temporary and it’s going down soon?

Or maybe its just inevitable happening i.e. with gradual growth in size of govt plus inflation that one day, the US govt will spend more than it did in 08-09. It just happened to be 10 years later. This is no different than what a Clinton, McCain, Romney etc etc would have given us. Lastly, Trump has never claimed to be a fiscal conservative, he has promised stimulus packages and increase in spending, this is indeed another campaign promise fulfilled.

[unknown]

Has trump said anything about cutting spending? Anything from anyone in the GOP? Maybe this was temporary and it’s going down soon?

He has now that the unofficial election season has begun.

[Zippyjuan]

Has trump said anything about cutting spending? Anything from anyone in the GOP? Maybe this was temporary and it’s going down soon?

He wants to cut $20 billion but spend another $20 billion on the wall and $50 billion more on defense.