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Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?

Posted by on Oct. 15, 2013 at 10:51 PM
  • 82 Replies
4 moms liked this

It’s enough to make even the most ardent Obama cynic scratch his head in confusion.

Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.

Who knew?

Yep, Obama's a Big Spender...Just Like His Predecessors

Check out the chart –

So, how have the Republicans managed to persuade Americans to buy into the whole “Obama as big spender” narrative?

It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% â€”going from $2.98 trillion to $3.52 trillion. I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong.

The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bush—and passed by the 2008 Congress—it was in effect four months before Barack Obama took the oath of office.

Accordingly, the first budget that can be blamed on our current president began in 2010 with the budgets running through and including including fiscal year 2013 standing as charges on the Obama account, even if a President Willard M. Romney takes over the office on January 202013.

So, how do the actual Obama annual budgets look?

Courtesy of Marketwatch-

  • In fiscal 2010 (the first Obama budget) 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.

No doubt, many will wish to give the credit to the efforts of the GOP controlled House of Representatives. That’s fine if that’s what works for you.

However, you don’t get to have it both ways. Credit whom you will, but if you are truly interested in a fair analysis of the Obama years to date—at least when it comes to spending—you’re going to have to acknowledge that under the Obama watch, even President Reagan would have to give our current president a thumbs up when it comes to his record for stretching a dollar.

Keep reading…

by on Oct. 15, 2013 at 10:51 PM
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Replies (1-10):
jaxTheMomm
by Platinum Member on Oct. 15, 2013 at 10:52 PM
1 mom liked this

Page 2...

Of course, the Heritage Foundation is having none of it, attempting to counter the actual numbers by pretending that the spending initiated by the Bush Administration is the fault of Obama. As I understand the argument Heritage is putting forth —and I have provided the link to the Heritage rebuttal so you can decide for yourself—Marketwatch, in using the baseline that Obama inherited, is making it too easy on the President.

But then, with the Heritage Foundation being the creator of the individual mandate concept in healthcare  only to rebut the same when it was no longer politically convenient, I’m not quite sure why anyone believes much of anything they have to say any longer. With their history of reversing course for convenience, I can’t help but wonder, should they find themselves reviewing the spending record of a President Romney four years from today, whether they might be tempted to use the Obama numbers as the baseline for such a new Administration.

lizzielouaf
by Gold Member on Oct. 15, 2013 at 10:54 PM
3 moms liked this

lol this thread is gonna go over like a fart in church! There is absolutely NO facts, figures, graphs, etc you can post to get people to buy this. 

jaxTheMomm
by Platinum Member on Oct. 15, 2013 at 11:12 PM
5 moms liked this

It'll sink like a stone.  Sort of like my post about why we cannot default and why we can't just "pay the interest" cause you know, not meeting the debt ceiling is not so bad!

But I had to do it.

Quoting lizzielouaf:

lol this thread is gonna go over like a fart in church! There is absolutely NO facts, figures, graphs, etc you can post to get people to buy this. 



SilverSterling
by MrsSilverusSnape on Oct. 15, 2013 at 11:13 PM

intresting read

lga1965
by on Oct. 15, 2013 at 11:19 PM

 The Heritage Foundation !  Eeeeeek !

No, just kidding. But , really, does anyone trust them? I sure don't.

This post will make the right wing go nuts!

Verrrrry interesting,indeed.

yourspecialkid
by Platinum Member on Oct. 15, 2013 at 11:22 PM
1 mom liked this

 When I saw this article I knew somebody on cm would fall for it!  LOL

jaxTheMomm
by Platinum Member on Oct. 15, 2013 at 11:25 PM
1 mom liked this

What do you disagree with, why, and what are your sources?


Quoting yourspecialkid:

 When I saw this article I knew somebody on cm would fall for it!  LOL



Della529
by Matlock on Oct. 15, 2013 at 11:25 PM
1 mom liked this

 popcorn

buttersworth
by Silver Member on Oct. 15, 2013 at 11:33 PM

I don't care that Obama is a supposed spend-thrift.

It certainly doesn't show in the roughly 45% in income taxes sucked out my husband's paycheck weekly.

So he saves a few bucks for his friends at Goldman Sachs. Yay for them. The rest of the populace is screwed.

Sisteract
by Whoopie on Oct. 15, 2013 at 11:43 PM
3 moms liked this


Quoting buttersworth:

I don't care that Obama is a supposed spend-thrift.

It certainly doesn't show in the roughly 45% in income taxes sucked out my husband's paycheck weekly.

So he saves a few bucks for his friends at Goldman Sachs. Yay for them. The rest of the populace is screwed.

And this is all Obama's fault?

Or have you B and M'd about taxes and inflation for decades? Because I have been paying lots of taxes for decades- in fact BOTH my husband and I have- I guess we have twice as much reason to biotch.

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