TruthOut10
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- Dec 3, 2012
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Under Obama, Government Spending Has Grown More Slowly Than Under Any President Since Eisenhower
Government spending under President Obama has grown at a slower rate than it did under any president since Dwight D. Eisenhower was in office six decades ago, according to an analysis from Bloomberg. That may not jibe with the conservative complaints that Obama has overseen a massive growth in government spending, but its true:
Federal outlays over the past three years grew at their slowest pace since 1953-56, when Dwight D. Eisenhower was president. Expenditures as a share of the economy sank last year to 22.8 percent, their lowest level since 2008, according to Congressional Budget Office data. Thats down from 24.1 percent in 2011 and a 64-year high of 25.2 percent in 2009, when Obama pushed through an $831 billion stimulus package. [...]
Spending grew just 0.6 percent from 2009 to 2012, according to data compiled by Bloomberg from government reports.
Under Obama, Government Spending Has Grown More Slowly Than Under Any President Since Eisenhower | ThinkProgress
Government spending under President Obama has grown at a slower rate than it did under any president since Dwight D. Eisenhower was in office six decades ago, according to an analysis from Bloomberg. That may not jibe with the conservative complaints that Obama has overseen a massive growth in government spending, but its true:
Federal outlays over the past three years grew at their slowest pace since 1953-56, when Dwight D. Eisenhower was president. Expenditures as a share of the economy sank last year to 22.8 percent, their lowest level since 2008, according to Congressional Budget Office data. Thats down from 24.1 percent in 2011 and a 64-year high of 25.2 percent in 2009, when Obama pushed through an $831 billion stimulus package. [...]
Spending grew just 0.6 percent from 2009 to 2012, according to data compiled by Bloomberg from government reports.
Under Obama, Government Spending Has Grown More Slowly Than Under Any President Since Eisenhower | ThinkProgress