Most Expensive Inauguration?

Are you curious about how much Obama's inauguration will cost? Well, the answer is a staggering $160 million. Yes, you heard it right! This may sound a lot, but it is said to be appropriate. For the record, it is the most expensive ever as compared to previous presidential inaugurations where George Bush's inauguration in 2005 costing only $42.3 million and Bill Clinton $33 million in 1993.

Though the figure is skyrocketing, US taxpayers should not worry as all inaugural expenses will be covered by the Inaugural Committee, not to mention Obama's reputation as being a very successful fundraiser.