PLP Advisors, LLC

Financial Advisor Looks at Spending After the Sequester

 

Grand Rapids, MI -- (ReleaseWire) -- 03/27/2013 -- In our modern world it is difficult to stay on top of everything that is happening financially. Dennis Tubbergen, a financial advisor, author, radio show host and CEO of PLP Advisors, LLC can be counted on to give a little help when it comes to understanding the latest events in U.S. and world economics.

Whether people enjoy his weekly newsletter at www.moving-markets.com or his blog at http://www.dennistubbergen.com, Tubbergen is dedicated to sharing his viewpoints and opinions. On March 22, his blog was titled Spending is Up, in Spite of Sequester.

"Washington is spending more money through the first five months of the fiscal year than during the same time period last year according to a recent story published by CNS News," began Tubbergen.

He quotes below from the March 15, 2013 article.

Federal spending was up $30.5 billion in the first five months of fiscal 2013 compared to the first five months of fiscal 2012, according to newly released data from the U.S. Treasury.

The federal fiscal year begins on Oct. 1 and runs through Sept. 30. In the first five months of fiscal 2012 (October through February), according to the Monthly Treasury Statement, total federal spending was approximately $1,473,999,000,000.00. In the first five months of fiscal 2013, total federal spending was $1,504,547,000,000.00.

Thus federal spending was $30,548,000,000.00 more in the first five months of fiscal 2012.

The federal government is also spending at a much faster pace this year than it did before President Barack Obama took office.

In the first five months of fiscal 2008 (the last full fiscal year before Obama took office), the federal government spent $1,230,412,000,000.00. That is $274,315,000,000.00 less than the $1,504,547,000,000.00 that the federal government spent in the first five months of this fiscal year.

So far this fiscal year, the federal government is spending an average of about $300,909,400,000.00 per month. If the government maintained that average pace for all 12 months of the fiscal year, it would spend a total of $3,610,912,800,000.00.

"As discussed here, spending continued to increase in spite of sequester," concludes Tubbergen. "Only the rate of change in the increase of spending will be affected. The numbers don't lie."

To read the blog in its entirety go to http://www.dennistubbergen.com and select his March 22, 2013 entry.

Tubbergen’s syndicated radio show can be heard on metro Michigan stations WTKG 1230 AM and WOOD Newsradio1300 AM and 106.9 FM.
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About Dennis Tubbergen
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in Grand Rapids, Michigan. Tubbergen is CEO of PLP Advisors, LLC and has an online blog that can be read at http://www.dennistubbergen.com. To view Tubbergen’s latest Moving Markets? newsletter, go to http://www.moving-markets.com.

The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.