Sunday, November 23, 2008

Obama's spending plan quadrupling before inauguration day?

During the campaign, Barack Obama proposed a second economic stimulus package with a price tag of $175 billion.  But on television this morning, Obama's senior economic advisor "confirmed the plan would be significantly bigger."  (Link to Financial Times story here.)

How much bigger, Senator Chuck Schumer (D-NY) gleefully "predicted it could be as much as $500 billion-$700 billion."  That's FOUR times more than Obama proposed during the campaign.

He's not even in office yet and Obama's already quadrupling his plans to spend our money on his new-New Deal.

George W. Bush set the record for outrageous government spending (with lots of help from Congress) but it looks like that record is about to be shattered.

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