WSJ: CBO's Govt spending bar chart shows spending only to increase during Obama Presidency by 1.4%

[Divine Discontent]

Obama spending binge never happened
Rex Nutting
Commentary: Government outlays rising at slowest pace since 1950s
May 22, 2012|Rex Nutting, MarketWatch

MORE AT LINK: http://articles.marketwatch.com/2012-05-22/commentary/31802270_1_spending-federal-budget-drunken-sailor



WASHINGTON (MarketWatch) — Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.

As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”

• In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.

The 2009 fiscal year, which Republicans count as part of Obama’s legacy, began four months before Obama moved into the White House. The major spending decisions in the 2009 fiscal year were made by George W. Bush and the previous Congress.




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