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

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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-25-12 10:14 PM
Original message
WSJ: CBO's Govt spending bar chart shows spending only to increase during Obama Presidency by 1.4%
Edited on Wed Jul-25-12 10:17 PM by 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/3...



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. Bushs 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 Obamas 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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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-26-12 12:53 AM
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1. Romney has never had much use for veracity in politics. At least, not on his own part.
Edited on Thu Jul-26-12 01:41 AM by No Elephants
Exposing falsehoods is great. However, I don't know if I will rejoice in how little a Democratic President has spent.

Would we, if it were Bush?
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-26-12 03:18 AM
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2. Obamy will never make as a socialist at this rate.
:rofl:
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