Eye Opener: A $150M Inaugaration?!

Item: Obama’s inauguration set to be the most expensive in US history: The $150m (£102m) cost of the celebration will dwarf the amount spent on George Bush’s inauguration in 2005 /Guardian

More Info: resident Barack Obama’s inauguration next week is set to be the most expensive ever, predicted to reach over $150m (£102m). This dwarfs the $42.3m spent on George Bush’s inauguration in 2005 and the $33m spent on Bill Clinton’s in 1993.

Question: Is the cost of Barack Obama’s inaugaration reasonable at a time when America is in such dire financial straits and many Americans are wondering if they’ll survive financially this year?