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All Da King's Men

Federal Spending Lies

By David King Published: May 24, 2012

Some guy name Rex Nutting at MarketWatch wrote a piece called 'Obama Spending Binge Never Happened', in which he claims federal spending increases under Obama are at the lowest rate since the 1950's. The liberal talking heads at MSNBC immediately went into self-satisfied smirk overdrive (am I the only one to notice the ever-present, weird, bemused smirk they all seem to have, as if they can hardly believe they even have to point out their obvious superiority to the rest of us rubes? It's almost children-of-the-cornish). The liberal talkers all basically concluded that this proves yet again that those evil conservatives are lying to us.

There's only one problem with Nutting and MSNBC's take on the matter…

It's patently false, and one would have to be seriously dishonest to accept Nutting's conclusions (ergo the MSNBC reaction). Here's the essence of Nutting's contention about Obama's federal spending:

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

Here are the facts, according to the official government statistics:

• In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.
• In fiscal 2010 — the first budget under Obama — 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 Office’s estimate of the budget that was agreed to last August.
• Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.

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.

The biggest  misdirection is contained in Nutting's 2009 federal spending numbers. He dishonestly attributes all that spending to Bush,  but Obama was the President for about two-thirds of fiscal year 2009.  Obama passed his $825 billion stimulus package in 2009. Obama also spent the second half of the TARP money (about $350 billion) in 2009. That spending was optional, not mandatory. Obama chose to spend it.  Nutting counts that as Bush spending too, as he does all other Obama 2009 spending increases. We have well over a trillion dollars of 2009 Obama spending that this Nutting character puts on Bush (and MSLSD smirkingly agrees !!!) . It doesn't get much more dishonest than that.

Nutting then contends federal spending in 2013 will be $3.58 trillion (I couldn't find proof of that at the link he supplied) , but the White House's own Office Of Management and Budget website says spending will be $3.8 trillion in 2013.

And that's how Rex Nutting magically transforms Obama's 27% federal spending increase (nearly $900 billion more than Bush was spending annually), into what he laughingly refers to as an "annualized increase of just 0.4%". Give me a break.

And ObamaCare spending, the biggest new entitlement since Medicare, hasn't even kicked in yet.

And let's not forget why federal spending hasn't risen even faster. it's because we have this political party called the Republicans who run the House Of Representatives (the ones liberals have been calling "obstructionists" until now), who have been influenced by the Tea Party. They keep demanding spending cuts. I suppose Obama is to be given credit for that too.

It's amazing what some folks will try to pass off in an election year, isn't it ?


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