Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?
Itâ€™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.
Check out the chart â€“
So, how have the Republicans managed to persuade Americans to buy into the whole â€śObama as big spenderâ€ť 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. Iâ€™ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservativesâ€¦but you would be wrong.
The first year of any incoming president term is saddledâ€”for better or for worseâ€”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. Bushâ€”and passed by the 2008 Congressâ€”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 20, 2013.
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 Officeâ€™s estimate of the budget that was agreed to last August.
- Finally in fiscal 2013 â€” the final budget of Obamaâ€™s term â€” spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBOâ€™s latest budget outlook.
No doubt, many will wish to give the credit to the efforts of the GOP controlled House of Representatives. Thatâ€™s fine if thatâ€™s what works for you.
However, you donâ€™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 dateâ€”at least when it comes to spendingâ€”youâ€™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.