Off the charts: Obama's spending by the numbers
James Pethokoukis of the Enterprise Blog has been having a lot of fun at Rex Nutting's expense. Nutting was the guy who came out and said earlier this week that the GOP was lying about Obama being a big spender.
First, Pethokoukis posted a blog showing how Nutting was, well...nuts. Federal spending as a share of GDP has skyrocketed under Obama.
Now Jim has posted another graph that's even more devastating: the percentage increase in federal spending under Obama:
Nutting's methodology assumes spending in the first year of a presidential term should be credited to the previous president. OK, fine. But he attributed a $410 billion spending bill in March of 2009 to George W. Bush even though it was signed by Barack Obama. Nutting also didn't use inflation adjusted numbers.
But I did both of those and got wildly different results from Nutting, as seen in the chart at the top of this post. (Note: I looked at absolute spending as opposed to the rate of increase.)
My numbers show that spending under the '10-'13 Obama budgets far outstrips spending by a generation of presidential predecessors. This should not be surprising since spending as a share of GDP under Obama is the highest in U.S. history outside of World War II.
We can disagree about whether all of Obama's massive spending is a good idea or not. But we can't factually argue about whether it happened or not. It did.
The Obama spending binge really did happen.
Here's the bad news, Mr. Nutting. Read it and weep: