Ron Paul Inaugural, Let’s Stop Spending Like Drunken Sailors on Crack
Some great numbers in this Johnny Kramer article on what a Ron Paul Inaugural Address might look like.
“Last year, the federal government spent $3 trillion, which is more money than it spent from 1787 to 1900 combined, in 2007 dollars.
“In 1963, John F. Kennedy was concerned when the budget hit $99 billion, because he didn’t want to be the first president with a $100 billion budget.
“In 1980, when Ronald Regan promised to get government off of our backs, the federal budget was $500 billion.
“In 1990, just half a generation later, the federal budget had more than doubled, to more than $1 trillion.
“In 1995, when the Republicans took control of Congress, the federal budget was $1.5 trillion.
“In 2000, leading into the previous administration, the budget was $1.8 trillion.
“The budget last year was $3 trillion.
“In short, the budget has doubled in just 13 years. It’s six times what it was in 1980, and 20 times what it was in 1960.”