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    Big Spender: The Truth about the Obama Administration’s Out of Control Spending

    President Obama and his allies on the Left want you to believe that government spending is under control. They want you to believe that this economic downturn will only go away with government help. They want you to believe that the President is not a big spender. 

    There’s just one problem. It’s not true. 

    White House spokesman Jay Carney went so far as to castigate the press recently for “not doing their homework” on this issue. He lectured the White House press corps, saying: 

    The rate of spending — federal spending — increase is lower under President Obama than all of his predecessors since Dwight Eisenhower, including all of his Republican predecessors.

    But as a recent Washington Post piece by Glenn Kessler explains, this statement is incorrect: it’s the result of selective interpretation of the data. In fact, the Post gave Carney’s claim a veracity rating of “three Pinocchios” (translation: it’s a whopper).

    The truth is federal spending has gone up dramatically under President Obama. Let’s take a look at some of the numbers. 

    An easy way to analyze federal spending is to compare the size of spending to the overall US economy. Pulling from official White House documents, Kessler shares this handy figure:

    2008: 20.8 percent
    2009: 25.2 percent
    2010: 24.1 percent
    2011: 24.1 percent
    2012: 24.3 percent
    2013: 23.3 percent

    Note the massive surge in spending in 2009, President Obama’s first year in office. Remember the stimulus package? It seems to have been the beginning to the President’s dangerous spending binge. 

    While it’s true that it’s Congress, not the President, who passes a budget, we see some worrisome trends when we look at how much spending President Obama has requested. Using CBO estimates for the President’s yearly budget proposals, Kessler observes that Obama consistently wanted more money than Congress was willing to give him. In 2010, his budget would have spent $3.67 trillion, but Congress only enacted $3.46 trillion. In 2011, he wanted to spend $3.80 trillion; Congress passed $3.60 trillion. 

    Just how much has spending increased under this President? The article Carney cited in his press conference made the ridiculous claim that Mr. Obama’s spending annual growth rate was a mere 1.4%. Kessler calculates in his article that the actual annual growth rate is closer to 3.3%. 

    Can America afford a 3.3% increase in federal spending every year? Of course not. America is already at a critical point economically, and many economists believe we’re likely to experience a Greece-style debt crisis in the next few years, unless we get our fiscal affairs in order and make reforms that shrink the size of government and slow the growth of the national debt.

    It’s time the Obama administration owned up to the dangerous economic road they’re leading us down. And it would also be nice if they’d bother to fact-check their own record before lecturing the rest of us. 

    For another example of the Left trying to rewrite economic history, see our article on Who REALLY Increased the Debt?

    2 comments
    Ingo Bischoff
    05/28/2012

    President Obama and the people around him are marxist ideolgues, who know very well that they are not responsible for the financial mess in which we find ourselves. However, they do know that this is the perfect time to exploit the weakness in the Fed central banking system which was established with the National Banking Act in 1935.

    The trouble is that most of the politicians in the U.S. Congress are fully aware of what is going on. They are politically unable to address their constituents with the truth, because most of them learned the truth themselves only after they reached Washington, DC. It is very difficult to tell your constituents that you have to vote for debt, because the currency system, run by the government Fed central bank with the help of the big money center banks, requires it. How can you explain to your constituents that the monetary system will fall apart, unless you put them into debt, after you have sold yourselves as someone to cut government spending...???

    There hasn't been a truly free enterprise system since the New Deal, despite all the rethoric. Now that the Fed central bank irredeemable currency system is destroyed thanks to the power of compound interest, the Congress has no option except to create more and more debt to be monetized in order to keep the whole irredeemable currency system from falling apart.

    The only solution is to allow a parallel currency to emerge by removing the "legal tender" protection from the Federal Reserve Note. To keep talking about Obama's or Bush's spending is totally missing the point. To call for reduction of spending without calling for the removal of the FRN "legal tender" provision is just so much hot air.

    Peter Boddie
    05/27/2012

    Here is my commentary on the President's recent new claims of fiscal responsibility.
    The President Lied, Humor Died - Serious Commentary From Pundit Pete
    http://punditpete.blogspot.com/2012/05/president-lied-humor-died-serious...

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