Growth In Govt Spending Under Obama Slower Than During Bush, Reagan Administrations

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  1. J.E.D
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    Growth In Government Spending Under President Obama Slower Than During Bush, Reagan Administrations | ThinkProgress

    Evidence of the cost-cutting measures employed by Obama can be found in the last several jobs reports. While the overall number of jobs created has steadily increased for the last several months, those advances have all come entirely in the private sector. Public sector jobs have actually been on the decline for much of the last year as government spending on some agencies and programs have been cut.

    Economics Professor Mark Thoma provides a helpful chart on his blog that puts President Obama’s per capita spending into context, comparing it with the spending of every president in the last 40 years.

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    That’s likely a hard pill to swallow for Obama’s critics, who have spent years hammering his administration for record spending and fiscal irresponsibility. The Atlantic’s Derek Thompson put it best : “Going by federal expenditures…it would seem that if Obama’s a socialist, Ronald Reagan is Karl Marx with an ICBM.”
     
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