Federal Spending Rising at Slowest Pace Since Eisenhower

by Charles Kolker

Here’s an excerpt from an article I read. It’s eye-opening. The source of the second half: The Wall St. Journal, not exactly a liberal media:
“With so many Republican lies about President Obama, it’s pretty hard to pick out the worst one. The most vicious stuff, of course, comes from the crazy birthers, who won’t go away. (Way to spend Arizona’s tax dollars, Sheriff Joe Arpaio!) Then there are the more mainstream slurs – Newt Gingrich calling him “the food stamp president,” or Obama’s “friend” Sen. Tom Coburn saying he favors government programs because “as an African American male,” he received “tremendous advantage from a lot of these programs.”
But if you measure the power of a lie by its utter truthlessness combined with the breadth of its reach, the notion that Obama has presided ove…r a wild federal spending spree is probably the biggest whopper spread by the GOP, with the help of the right-wing noise machine and lazy mainstream media. Mitt Romney regularly rails against the “debt and spending inferno” the president supposedly ignited. Last month on Fox, Charles Krauthammer called Obama’s spending “radical, unprecedented,” and CBS Radio’s Mark Knoller reported that the “National debt has increased more under Obama than under Bush.”
On Tuesday, the Wall Street Journal’s Marketwatch debunked all of those claims:
 “Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s,” writes Rex Nutting. “Even hapless Herbert Hoover managed to increase spending more than Obama has.” In his first term, Obama will have increased spending by 1.4 percent; in his last three years, George W. Bush increased annual spending by an average of 8.1 percent – and in Bush’s last fiscal year, 2009, spending jumped 17.9 percent. Republican deity Ronald Reagan increased spending an average of 8.7 percent in his first term. Nutting continues:
After adjusting for inflation, spending under Obama is falling at a 1.4 percent annual pace — the first decline in real spending since the early 1970s, when Richard Nixon was retreating from the quagmire in Vietnam.
In per capita terms, real spending will drop by nearly 5 percent from $11,450 per person in 2009 to $10,900 in 2013 (measured in 2009 dollars).”
Also See:

Obama spending binge never happened

Rex Nutting

Commentary: Government outlays rising at slowest pace since 1950s


Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s