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I agree that year over year, and since congress won't pass the budgets Obama has actually asked for, the figures are as Forbes says.
However, attributing a $3.6T BUDGET to Bush and then using that as the baseline for general govt. spending is disingenuous at best. Of that $3.6T spent in Bush's last year, $500B of it was TARP, a one-time emergency bailout package. Obama's following budgets spend TARP sized borrowed money on 20% bigger govt. every year on top of Bush's last actual budget.
Much of that TARP money was paid back, with interest. Obama spent it.
However, attributing a $3.6T BUDGET to Bush and then using that as the baseline for general govt. spending is disingenuous at best. Of that $3.6T spent in Bush's last year, $500B of it was TARP, a one-time emergency bailout package. Obama's following budgets spend TARP sized borrowed money on 20% bigger govt. every year on top of Bush's last actual budget.
Much of that TARP money was paid back, with interest. Obama spent it.
