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ktabz16 · Posted: Fri May 25, 2012 7:11 am Post subject: Spending under Obama

http://articles.marketwatch.com/2012-05-22/commentary/31802270_1_spending-federal-budget-drunken-sailor

The facts don't lie folks. Spending under Obama at the federal level is growing at the slowest pace since the Eisenhower administration. Federal spending per person has fallen from $11,450 in 2009 (Bush's last budget) to $10,900 in the projected 2013 budget.

Has the deficit increased? Yes it has, because revenues fell with the recession.

What is my source? That bastion of liberalism known as the Wall Street Journal Marketwatch.

LeBlanc88 · Junior Joined: 17 Apr 2005 Posts: 437

FACT CHECK: Obama off on thrifty spending claim
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/05/25/national/w161205D69.DTL&type=health

It boils down to what you count and how you count it.

ktabz16 · Posted: Fri May 25, 2012 9:06 pm Post subject:

indeed it does.

ktabz16 · Posted: Fri May 25, 2012 9:08 pm Post subject:

if he's responsible for a 3% increase average per year, that's damn close to the inflation rate.

DoctorJ · Posted: Sat May 26, 2012 4:03 am Post subject:

^ I do respect your economic intuition ktabz.

You know they also don't count the fact that the Bush Administration pushed the $700 billion TARP fund and got it through Congress, but they deferred spending half for the next administration.
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SignMan · Hall of Fame Joined: 02 Apr 2003 Posts: 3190

In other words, if you want to support a candidate, you skew the statistics in his/her favor...
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InnervisionsUMASS · Posted: Mon May 28, 2012 9:03 pm Post subject:

I'm all for ANY president that curbs spending... but keep in mind that President Clinton claimed a yearly budget surplus by skewing the numbers too.

If Obama is spending less, then great. I'm all for it and I want any Republican or Domicrat President to do the same.
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ShotPutNC · Junior Joined: 05 Feb 2012 Posts: 633 Location: Amherst

Clinton also had surpluses from Social Security being put into the General Fund that made his budget seem better. Now that program is beginning to run deficits and Medicare/Medicaid is not far off from running deficits either. Want to curtail debt growth? Solve Social Security and Medicare/Medicaid.