Noting an economy sorely in need of belt tightening, Barack Obama's leadership has decided to keep down inauguration costs to a mere $150 million, just over 350% of what George W Bush spent.
The reasoning is, "Since I'm pulling the troops out of the Iraqi democracy project, I have extra money, or, rather, I will soon enough. Pay it forward, I say.
More than $150 million — and yep, that's the most expensive ever. (By comparison, George W. Bush's 2005 inauguration cost $42.3 million. Bill Clinton managed with $33 million in 1993.)