Obama spending binge never happened

What I love most about CON$ervoFascist lying scum is they make PERFECT contrarian indicators. Whatever they say you can be PERFECTLY confident the opposite is true.
The only asset somebody like you has is you don't really care about the truth. You'll dance around it all day.

However most cons do care about truth. That's part of the reason they're cons.

It's clear to see why you would support a serial fabricator like Obama.....extremely clear. :eusa_whistle:
I owe you yet another thank you.
Thank you.

Anytime.

Next time you want your ass handed to you come-on back.
 
Liberals are such scum that they will openly lie about what they did believing people will believe it.

"No these are not the droids you are looking for"....doesn't work on us, assholes.
 
MarketWatchObamaSpendingInfographic.jpg


MarketWatch rebuttal infographic: How to make Obama’s spending look small « Hot Air
 

yup, ;)I posted that like 7 pages back, didn't matter, I also posted Wash Posts 3 Pinocchios too, and now I will post this...



WASHINGTON (AP) — The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the administration cites a media report that claims federal spending is rising at the slowest pace since the Eisenhower years.

"Federal spending since I took office has risen at the slowest pace of any president in almost 60 years," Obama said at a campaign rally Thursday in Des Moines, Iowa.

The problem with that rosy claim is that the Wall Street bailout is part of the calculation. The bailout ballooned the 2009 budget just before Obama took office, making Obama's 2010 results look smaller in comparison. And as almost $150 billion of the bailout was paid back during Obama's watch, the analysis counted them as government spending cuts.

It also assumes Obama had less of a role setting the budget for 2009 than he really did.

more at

FACT CHECK: Obama off on thrifty spending claim - Yahoo! News
 

yup, ;)I posted that like 7 pages back, didn't matter, I also posted Wash Posts 3 Pinocchios too, and now I will post this...



WASHINGTON (AP) — The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the administration cites a media report that claims federal spending is rising at the slowest pace since the Eisenhower years.

"Federal spending since I took office has risen at the slowest pace of any president in almost 60 years," Obama said at a campaign rally Thursday in Des Moines, Iowa.

The problem with that rosy claim is that the Wall Street bailout is part of the calculation. The bailout ballooned the 2009 budget just before Obama took office, making Obama's 2010 results look smaller in comparison. And as almost $150 billion of the bailout was paid back during Obama's watch, the analysis counted them as government spending cuts.

It also assumes Obama had less of a role setting the budget for 2009 than he really did.

more at

FACT CHECK: Obama off on thrifty spending claim - Yahoo! News


There's also the question of how to treat the 2009 fiscal year, which actually began Oct. 1, 2008, almost four months before Obama took office. Typically, the remaining eight months get counted as part of the prior president's spending since the incoming president usually doesn't change it much until the following October.

The MarketWatch analysis assigned 2009 to former President George W. Bush, though it gave Obama responsibility that year for a $140 million chunk of the 2009 stimulus bill.
But Obama's role in 2009 spending was much bigger than that. For starters, he signed nine spending bills funding every Cabinet agency except Defense, Veterans Affairs and Homeland Security.

While the numbers don't jibe exactly, Obama bears the chief responsibility for an 11 percent, $59 billion increase in non-defense spending in 2009. Then there's a 9 percent, $109 billion increase in combined defense and non-defense appropriated outlays in 2010, a year for which Obama is wholly responsible.

As other critics have noted, including former Congressional Budget Office Director Douglas Holtz-Eakin, the MarketWatch analysis also incorporates CBO's annual baseline as its estimate for fiscal years 2012 and 2013. That gives Obama credit for three events unlikely to occur:

—$65 billion in 2013 from automatic, across-the-board spending cuts slated to take effect next January.

—Cuts in Medicare payments to physicians.

—The expiration of refundable tax cuts that are "scored" as spending in federal ledgers.

Lawmakers are unlikely to allow the automatic cuts to take full effect, but it's at best a guessing game as to what will really happen in 2013. A better measure is Obama's request for 2013.

"You can only make him look good by ignoring the early years and adopting the hope and not the reality of the years in his budget," said Holtz-Eakin, a GOP economist and president of the American Action Forum, a free market think tank.

So how does Obama measure up?

If one assumes that TARP and the takeover of Fannie and Freddie by the government as one-time budgetary anomalies and remove them from calculations — an approach taken by Holtz-Eakin — you get the following picture:
—A 9.7 percent increase in 2009, much of which is attributable to Obama.

—A 7.8 percent increase in 2010, followed by slower spending growth over 2011-13.

Much of the slower growth reflects the influence of Republicans retaking control of the House and their budget and debt deal last summer with Obama. All told, government spending now appears to be growing at an annual rate of roughly 3 percent over the 2010-2013 period, rather than the 0.4 percent claimed by Obama and the MarketWatch analysis.


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(Image; EIB)​

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(Image: Grapics Connection, LLC)​
 

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