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Old 05-26-2012, 09:43 AM  
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Federal spending under Obama has risen less than anytime in past 60 years.

http://www.politifact.com/truth-o-me...mas-record-sp/

Annualized growth of Federal Spending:
Reagan 1: 8.7%
Reagan 2: 4.9%
H.W. Bush: 5.4%
Clinton 1: 3.2%
Clinton 2: 3.9%
W. Bush 1: 7.3%
W. Bush 2: 8.1%
Obama 1: 1.4%

Fox News, as usual, tries to spin the numbers differently. In their summary, they came up with an average spending growth of 3%, which may not be the lowest in the past 60 years, but is certainly the lowest in the past 30 years.

Quote:
All told, government spending now appears to be growing at an annual rate of roughly 3 percent over the 2010-2013 period, rather than the 0.4 (sic) percent claimed by Obama and the MarketWatch analysis.
http://www.foxnews.com/us/2012/05/25...pending-claim/

It's pretty nice when even your detractors show that you're doing it right.
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Old 05-26-2012, 12:18 PM  
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Www.theobamadebt.com

Keepin 'em honest.
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Old 05-26-2012, 12:36 PM  
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Combine the lowest annualized spending increases in 60 years with that site, and the conclusion is simple: tax revenues have fallen off. Is this any surprise?
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Old 05-26-2012, 01:06 PM  
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If the spending increases were simple then there's a total growth of 42.9%, but cumulative a whole 'nother story.
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Old 05-26-2012, 02:22 PM  
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Quote:
Originally Posted by Eddie_T View Post
If the spending increases were simple then there's a total growth of 42.9%, but cumulative a whole 'nother story.
They average out to 1.4% increase per year. Two years they were increases, two years they were decreases. What's so hard to understand?

The biggest increase is unarguably Bush's last budget.
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Old 05-26-2012, 02:29 PM  
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Obama has spent more than all the presidents before him combined, and it's still Bush's fault.
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Old 05-26-2012, 04:12 PM  
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Obama has spent more than all the presidents before him combined, and it's still Bush's fault.
citation needed.
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Old 05-26-2012, 04:42 PM  
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Old 05-26-2012, 05:49 PM  
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Percentages may be the symptoms but the rising debt is the disease that can sink us, and no-one has a plan. Obama was to cut the deficit in half during his first term with no mention of the debt. I wonder what he will offer this go-round to his gullible followers?
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Old 05-26-2012, 09:31 PM  
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Not seeing your claim supported. Can you clarify?
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