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| Politics
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| At $160 mn, Obama's swearing |
| At $160 mn, Obama's swearing in to be costiliest ever
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| UNITED STATES OF AMERICA
, 14-January-2009
4:56:1 AM |
| Barack Obama will take less than a minute to recite the oath of office to certify his taking over as the 44th President of the United States.
What many won’t know is that this landmark event is going to cost the US Treasury a record 160 million dollars.
Obama’s inaugural committee is in the midst of raising roughly 45 million dollars in private funds, exceeding the 42.3 million dollars President Bush spent in 2005. In 1993, Clinton spent 33 million dollars when Democrats returned to the White House for the first time in 12 years.
As in previous years, the costs borne by the taxpayers, for security and emergency medical services, far surpasses the privately funded events.
According to CBS, the federal Government has budgeted 49 million dollars for this year’s inauguration, more than triple what taxpayers spent at Bush’s first inauguration in 2001, according to the Office of Management and Budget.
Earlier this year, the District of Columbia, Virginia, Maryland and the Washington transit authority sent a request to federal lawmakers for more than 75 million dollars to cover a variety of inaugural costs ranging from security to transportation
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