Little Known Facts #1

Obama Spending growth the least of any president since 1950s.

Fact: "Federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s"

Illustration: (See attached chart)

Background and sourcehttp://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22




Reference: OMB, CBO & Haver Analytics sourced from MarketWatch.com

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McGibblets September 01, 2012 at 12:22 PM
You could have simply titled the blog: Well Known Obama Cheerleaders and used your portrait as the story picture...
Richard Hertz September 02, 2012 at 01:15 AM
WIDELY KNOWN FACTS #1 Annual Federal Deficits: FY 2009 Bush/Obama - $1,413,000,000,000 FY 2010 Obama - $1,293,000,000,000 FY 2011 Obama - $1,300,000,000,000 FY 2012 Obama/Romney - $1,327,000,000,000 (projected) Now, regarding your claim Rusty, it's ridiculous, as Brian and McGibblets have shown. It's so patently crazy that I'm shocked that anyone, even a dyed-in-the-wool lefty like you, could believe it. I mean, it reminds me of that old Marx quote (I'm paraphrasing here): Who are you going to believe, Nutting or your own eyes? (sorry Rusty, I'm talking about Groucho, not your hero, Karl). Even though your claim is completely preposterous, let me ask you a question. If you charged $100,000 on your credit cards in 2009, $101,400 in 2010, $102,819 in 2011, and $104,258 in 2012 (with an income of $60k and making only the minimum monthly payments), would you go around bragging about how you've done a great job at keeping your spending increases to a minimum?
Rusty Vaughan September 02, 2012 at 09:15 PM
OK, gentlemen, I shall respond with an apology. I do not like to post something as fact that is subjective. I was not aware and it has been noted that The MarketWatch data was subject to some date manipulations. I should not have posted that but would better have referred to several links including the Washington Post as you kindly offered. I also would like to submit http://www.politifact.com/truth-o-meter/article/2012/may/25/lots-heat-and-some-light-obamas-spending/ for your consideration. IF you read the MarketWatch claim carefully, you did note that it referred to a key word "increase". The spending was there but the point was that the increase was slowed, claimed flattened. I'll go with the Politifact discussion and apologize for not qualifying what I submitted on someone else's research. What I am not is "ridiculous". This is a topic that should be considered from both the Heritage's perspective as well as the Politifact and Washington post. It can easily be turned with slight modifications to meet any agenda. Thanks for your comments.
Chris W September 02, 2012 at 10:40 PM
Rusty, I submit that the your premise is flawed. Congress controls spending, not the president. Each administration can certainly influence spending, but Congress must authorize it. So now look it which party conrolled congress during the increases in spending and you will get a much better picture of where the problem lies.
Richard Hertz September 04, 2012 at 06:27 PM
Here's another thing you're not...a careful reader.


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