Wednesday, July 11, 2012

Smallest Government Spender Since Eisenhower?

Here is a fact you absolutely, 100%, will not hear from republicans, right-wing pundits or Fox News:

In fiscal 2010 (the first Obama budget) spending fell 1.8% to $3.46 trillion.

In fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion.

The above information seems to refute the claims of republicans & the common mantra that "Obama is spending like a wild man".

For more info, see this link from of all sources FORBES?!?! Yep, that FORBES. The Forbes magazine who's publisher and founders son was a candidate for the GOP nomination in past election cycles.
http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/

Those who insist Obama is a wild spender will point to the 2009 budget, which did, indeed increase 17.9% from $2.98 trillion to $3.52 trillion. But this is erroneous as every presidents first year in office is served under the previous administrations budget, in this case the increase was the budget proposed by George W Bush, which congress approved.

Therefore, the first "Obama" budget was the 2010 budget which actually cut spending from 2009 levels.

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