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Discussion in 'Politics' started by jficquette, Aug 25, 2012.






  1. http://articles.marketwatch.com/201...2270_1_spending-federal-budget-drunken-sailor

    Obama spending binge never happened

    Government outlays rising at slowest pace since 1950s
    May 22, 2012|Rex Nutting, MarketWatch




    WASHINGTON (MarketWatch) — 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 didn’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.

    Even hapless Herbert Hoover managed to increase spending more than Obama has.

    Here are the facts, according to the official government statistics:

    • In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.

    • In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.

    • In fiscal 2011, spending rose 4.3% to $3.60 trillion.

    • In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.

    • Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.

    Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.

    There has been no huge increase in spending under the current president, despite what you hear.
     
    #41     Aug 26, 2012
  2. Why do you keep taking up for Obama when you don't even agree with him that much.

    I think you are deluded.
     
    #42     Aug 26, 2012
  3. Pointing out facts isnt taking up for Obama,its pointing out facts
     
    #43     Aug 26, 2012
  4. Coming from a birther.Hows that whole birther thing working out for you ?
     
    #44     Aug 26, 2012

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    #46     Aug 26, 2012
  6. #47     Aug 26, 2012
  7. LEAPup

    LEAPup

    None of this shit really matters at this point. If we don't get Romney, turn out the lights on America.
     
    #48     Aug 26, 2012
  8. Lucrum

    Lucrum

    Yep.
     
    #49     Aug 26, 2012
  9. #50     Aug 26, 2012