Advertisement

Big Government Biden

In the first 18 full months that Joe Biden has been president — February 2021 through July 2022 — the federal government has spent $9,728,646,000,000, according to data published in the Monthly Treasury Statement.Even when the historical spending numbers are adjusted for inflation into July 2022 dollars (using the Bureau of Labor Statistics’ inflation calculator), no recent president comes close to having spent that kind of money in their first year and a half in office.President Donald Trump spent $7,274,266,740,000 in July 2022 dollars in his first 18 full months. President Barack Obama spent $7,166,360,490,000. President George W. Bush spent $4,835,392,120,000. President Bill Clinton spent $4,287,553,940,000. President George H.W. Bush spent $3,705,774,660,000. President Ronald Reagan spent $3,123,980,640,000.It is true that the United States is a more populous country now than it was in July 1982, when Reagan completed his first 18 full months in office, but federal spending has grown significantly faster than the population.The $3,123,980,640,000 in Ju …

Leave a Reply

Your email address will not be published. Required fields are marked *

U.S. National Debt

The current U.S. national debt:
$34,585,528,182,775
Send this to a friend