Newsmax ^ | April 14, 2011 | Jim Meyers
Posted on Friday, April 15, 2011 2:51:47 AM by RobinMasters
Barack Obama’s presidential campaign shattered all records by raising $760 million in the last election cycle. That record is not likely to last much longer — Obama is expected to raise more than $1 billion for his re-election campaign.
And overall spending by all candidates in 2012 is predicted to eclipse an astounding $8 billion.
In short, while polls show an angry surge of tea party voters and others pressing Congress to reduce the rampant spending government has been addicted to for decades, lawmakers every year are spending larger and larger sums to get their own government jobs.
On Thursday, both the House and the Senate passed a budget measure that cuts $38.5 billion in spending while funding the government for the rest of the current fiscal year, which ends September 30.
With its passage, the White House and Congress will now focus on what are expected to be more rancorous battles over a budget for fiscal year 2012 and the upcoming need to raise the federal debt limit.
(Excerpt) Read more at newsmax.com ...
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