Boehner-Obama Deal Leaves FY11 Spending $773B Above FY08 Level—About As Big an Increase As Obama’s Stimulus
(CNSNews.com) – The budget deal cut late Friday by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) will allow $3.7555 trillion in federal spending in this fiscal year. That is $773 billion more than federal spending was in fiscal year 2008 — the fiscal year before Congress enacted a bailout for the banking industry requested by President George W. Bush and a $787-billion economic stimulus law request by President Barack Obama.