Another right wing lie debunked.
Obama spending binge never happened
Commentary: Government outlays rising at slowest pace since 1950s
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.”
Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.
But it didnÂ’t happen. 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.
here ya go, you guys put a lot of faith in this shit, fact checking etc....wanna play that game, eat up sheep.
The Facts
First of all, there are a few methodological problems with Nutting’s analysis — especially the beginning and the end point.
Nutting basically takes much of 2009 out of Obama’s column, saying it was the “the last [year] of George W. Bush’s presidency.” Of course, with the recession crashing down, that’s when federal spending ramped up. The federal fiscal year starts on Oct. 1, so the 2009 fiscal year accounts for about four months of Bush’s presidency and eight of Obama’s.
In theory, one could claim that the budget was already locked in when Obama took office, but thatÂ’s not really the case. Most of the appropriations bills had not been passed, and certainly the stimulus bill was only signed into law after Obama took office.
Bush had rescued Fannie and Freddie Mac and launched the Troubled Asset Relief Program, which depending on how you do the math, was a one-time expense of $250 billion to $400 billion in the final months of his presidency. (The federal government ultimately recouped most of the TARP money.) So if you really want to be fair, perhaps $250 billion of that money should be taken out of the equation — on the theory that it would have been spent no matter who was president.
Nutting acknowledges that Obama is responsible for some 2009 spending but only assigns $140 billion for reasons he does not fully explain. (Update: in an email Nutting says he attributed $120 billion to stimulus spending in 2009, $5 billion for an expansion of childrenÂ’s health care and $16 billion to an increase in appropriations bills over 2008 levels.)
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One common way to measure federal spending is to compare it to the size of the overall U.S. economy. That at least puts the level into context, helping account for population growth, inflation and other factors that affect spending. HereÂ’s what the White HouseÂ’s own budget documents show about spending as a percentage of the U.S. economy (gross domestic product):
2008: 20.8 percent
2009: 25.2 percent
2010: 24.1 percent
2011: 24.1 percent
2012: 24.3 percent
2013: 23.3 percent
3 Pinocchio's....
The facts about the growth of spending under Obama - The Washington Post