Get your fire suits on folks. Its going to get hot in this thread...
Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?
Its enough to make even the most ardent Obama cynic scratch his head in confusion.
Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.
Who knew?
Check out the chart
So, how have the Republicans managed to persuade Americans to buy into the whole Obama as big spender narrative?
It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% going from $2.98 trillion to $3.52 trillion. Ill bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservativesbut you would be wrong.
The first year of any incoming president term is saddledfor better or for worsewith the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bushand passed by the 2008 Congressit was in effect four months before Barack Obama took the oath of office.
Accordingly, the first budget that can be blamed on our current president began in 2010 with the budgets running through and including including fiscal year 2013 standing as charges on the Obama account, even if a President Willard M. Romney takes over the office on January 20, 2013.
So, how do the actual Obama annual budgets look?
Courtesy of Marketwatch-
- In fiscal 2010 (the first Obama budget) 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 Offices estimate of the budget that was agreed to last August.
- Finally in fiscal 2013 the final budget of Obamas term spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBOs latest budget outlook.
No doubt, many will wish to give the credit to the efforts of the GOP controlled House of Representatives. Thats fine if thats what works for you.
However, you dont get to have it both ways. Credit whom you will, but if you are truly interested in a fair analysis of the Obama years to dateat least when it comes to spendingyoure going to have to acknowledge that under the Obama watch, even President Reagan would have to give our current president a thumbs up when it comes to his record for stretching a dollar.
Of course, the Heritage Foundation is having none of it, attempting to counter the actual numbers by pretending that the spending initiated by the Bush Administration is the fault of Obama. As I understand the argument Heritage is putting forth and I have provided the link to the Heritage rebuttal so you can decide for yourselfMarketwatch, in using the baseline that Obama inherited, is making it too easy on the President.
But then, with the Heritage Foundation being the creator of the individual mandate concept in healthcare only to rebut the same when it was no longer politically convenient, Im not quite sure why anyone believes much of anything they have to say any longer. With their history of reversing course for convenience, I cant help but wonder, should they find themselves reviewing the spending record of a President Romney four years from today, whether they might be tempted to use the Obama numbers as the baseline for such a new Administration.
contact Rick at thepolicypage@gmail.com
Twitter @rickungar
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07-13-2012, 02:01 PM #1
Who Is The Smallest Government Spender Since Eisenhower? Barack Obama. Thats who
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07-13-2012, 02:02 PM #2
This garbage again?
brb, spending trillions of dollars a year is spending less than 300 billion dollars a year.
President A: One year spend 300 billion dollars, the next 400 billion. 33% increase in spending.
President B: One year spend 1 trillion dollars, the next 1.2 trillion dollars. 16% increase.
OP's logic: President B spends less!
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07-13-2012, 02:05 PM #3
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07-13-2012, 02:05 PM #4
- Join Date: Feb 2005
- Location: Boston, Massachusetts, United States
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It's the troof. Federal spending under Obama has grown the slowest
factcheck.org
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07-13-2012, 02:08 PM #5
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07-13-2012, 02:08 PM #6Don't get set into one form, adapt it and build your own, and let it grow, be like water. Empty your mind, be formless, shapeless, like water. Now you put water in a cup, it becomes the cup; You put water into a bottle, it becomes the bottle; You put it in a teapot, it becomes the teapot. Water can flow or it can crash. Be water, my friend. - Bruce Lee
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07-13-2012, 02:09 PM #7
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07-13-2012, 02:10 PM #8
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07-13-2012, 02:10 PM #9
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07-13-2012, 02:11 PM #10
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Lol I made a thread on this a month or so ago.
http://www.politifact.com/truth-o-me...-has-lowest-s/
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07-13-2012, 02:11 PM #11
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damage control?
LOL all this is saying is Bush spent alot and Obama came along and spent slightly a little more than Bush...LOL WTF? Like that's suppose to make him look good
Let's all hail Obama because he spent a few hundred billion more than his predecessor instead of a few trillion more. Tell me how that makes it ok???
If anything this thread just proves that liberals have no common sense related to spending that they would even argue that somehow Obama is a great president because his RATE of spending is much slower...lol WTF?
LOL it's like McCarthy spinning the homicide numbers in Chicago by saying we have a "decrease in the increase of shootings" LOL WTF?Last edited by ToPHeR35; 07-13-2012 at 02:18 PM.
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07-13-2012, 02:12 PM #12
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07-13-2012, 02:15 PM #13
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07-13-2012, 02:15 PM #14
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07-13-2012, 02:16 PM #15
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07-13-2012, 02:18 PM #16
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07-13-2012, 02:19 PM #17
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07-13-2012, 02:22 PM #18
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07-13-2012, 02:24 PM #19
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07-13-2012, 02:25 PM #20
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Not true. First, the stimulus was $780 billion spread over a two year period so it is really $390 billion per year. Second 27% of the $780 billion were tax cuts so actual spending was $570 billion. Spread over two years we get the peanut amount of $285 billion of spending per year.
Of course these are very rough estimates, but it gets the point across.Last edited by dr_D; 07-13-2012 at 02:33 PM.
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07-13-2012, 02:31 PM #21
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07-13-2012, 02:32 PM #22
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07-13-2012, 02:32 PM #23
Here's the best part...let's say Obama cut tons of budget and closed the deficit cause we all know the right wingers care so much about the deficit.
That would obviously cause massive layoffs, causing unemployment to go up.
So then, in their infinite wisdom, the right wingers would attack him on unemployment numbers.
Dumb fuks gonna dumb fuk.
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07-13-2012, 02:37 PM #24
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07-13-2012, 02:39 PM #25
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07-13-2012, 02:39 PM #26
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07-13-2012, 02:41 PM #27
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07-13-2012, 02:41 PM #28
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07-13-2012, 02:44 PM #29
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07-13-2012, 02:45 PM #30
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