The ability of some people to be outraged over nothing always amazes me. I really don't care how much the inauguration costs, but some people not only care, they manage to get their collective panties in a huge bunch about it. Oddly enough, Eric Boehlert from Media Matters has an excellent piece that shows the way the number - not $150,000,000 but $160,000,000 - came to be. I could be grossly unfair and say that, yet again, some conservatives in the media managed to fund something in their lower colon, pull it out, and write about it. In fact, however, Boehlert points out that the figure, which is roughly four times the figure for the second Bush inaugural festivities, includes something never included before - the cost of security.
That cost is not included when people note the second Bush inaugural cost $42,000,000. In fact, Boehlert is quite clear that the costs of the two events, without adding in the security costs, are virtually identical, $45,000,000 for Obama versus the aforementioned $42,000,000 for Bush in 2005.
I do hope that those who have been hyperventilating about this issue might be able to save money on high blood pressure medication now.