This is why no new president is accountable for the budget deficit in his first year  in office. ... But the federal fiscal year is set up that way to give the new president  time to put together his budget during his first month in office. ... Obama's budget  increased defense spending to between $700 billion and $800 billion a year.
Jun 4, 2012 ... That includes spending for the bank bailout legislation approved by President  Bush. Annual increases in amounts actually spent since fiscal 2009 have been  relatively modest. In fact, spending for the first seven months of the current fiscal  year is running slightly below the same period last year, and below ...
Oct 21, 2017 ... In 2010, the Obama tax cut added $858 billion to the debt in its first two years.  Obama increased defense spending, adding as much as $800 billion a year.  Federal income decreased due to lower tax receipts from the 2008 financial crisis . Both Presidents Bush and Obama suffered from higher mandatory ...
Jul 31, 2017 ... Defense hawks remained hopeful for a return to fiscally bold Reagan-era outlays  on new hardware and personnel. However, for all its potential, a sea change in  Defense Department budgeting looks increasingly unlikely based on fiscal 2017  appropriations and the administration's fiscal 2018 budget ...
Nov 21, 2011 ... President Obama and Congressional leaders of both parties agreed late Sunday  to a framework for a deal that would cut trillions of dollars in spending over the  next decade and increase the government's borrowing limit. Related Article ».  Immediate Increase. $400 billion increase in the debt ceiling to ...
President Obama is actually increasing Bush-era defense spending by $21 billion in the new fiscal year.