Wall Street Journal - "Obama spending binge never happened" (GREAT CHART!) [View all]

[FourScore]

Tue May 22, 2012 at 12:09 PM PDT
Wall Street Journal - "Obama spending binge never happened"
by NewDealer

...From the Wall Journal's Market Watch column today comes this.

Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree. (snip) 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...

SNIP

...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...

SNIP



MORE AT: http://www.dailykos.com/story/2012/05/22/1093932/-Wall-Street-Journal-Obama-spending-binge-never-happened-