Federal spending up by more than $30 billion compared to last year

Rick Moran
Since October 1, 2012, the federal government has spent $30.5 billion more than it spent during the same period last year. This according to the monthly Treasury statement. CNS News: The federal fiscal year begins on Oct. 1 and runs through Sept. 30. In the first five months of fiscal 2012 (October through February), according to the Monthly Treasury Statement, total federal spending was approximately $1,473,999,000,000.00. In the first five months of fiscal 2013, total federal spending was $1,504,547,000,000.00. Thus, federal spending was $30,548,000,000.00 more in the first five months of fiscal 2013 than it was during the first five months of fiscal 2012. The federal government is also spending at a much faster pace this year than it did before President Barack Obama took office. In the first five months of fiscal 2008 (the last full fiscal year before Obama took office), the federal government spent $1,230,412,000,000.00. That is $274,315,000,000.00 less than...(Read Full Post)

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