The False Obama Spending Math by Market Watch

Columnist Rex Nutting over at Market Watch has a story with the headline "Obama spending binge never happened." In it he argues "of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree."  Nutting notes that Federal Spending from Fiscal Year 2008 to FY 2009 (Bush's last official budget) rose by 17% to $3.52 trillion, yet the 2013 Obama budget is only 1.4% larger than 2009; the smallest increase in sixty years. The reason, he claims, why people have it "wrong" about Obama's budgets is because they don't know that a budget in a President's first year gets shaped by the Congress and previous president months before the election. Therefore, almost all of the 2009 spending is Bush's increase. Here is why his headline and actual story is misleading at best: 1)   While in regular times a budget gets approved months earlier, the FY2009 budget was pieced tighter in many separate votes and bills, one of them signed...(Read Full Post)