Wednesday, December 17, 2008

Federal spending soars 25% before bailout

http://www.washingtontimes.com/news/2008/dec/16/spending-soars-25-before-bailout/

The government's spending commitments exploded by 25 percent in 2008, putting taxpayers more than $1 trillion in the hole even before the astronomical costs of the economic bailout were taken into account, according to an annual report released Monday by the White House.
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