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...
Monday, August 13, 2012
O'Tightwad
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3 comments:
on the other hand both he and bush raised spending to astronomical heights and he hasn't brought it back down to manageable levels.
i'm not totally familiar with your system but hasn't his spending also been limited by the republican controlled congress?
There are a few factors to consider. One, the 2008 or 2009 budget was split between Obama and Bush, and it had a huge increase, meaning the 2010, 11 and 12 budgets won't grow as much because either 2008 or 2009 already had a big increase in it.
Secondly, REVENUES were down something like 33% back in 08 or 09, so even a modest spending increase while Revenues are plummetiing downward drastically is not much different than having a huge increase in spending because revenues stayed even or slightlly gained.
Forbes says it, not me. The facts seem to justify the statement, though I get the details explaining it. Clinton 2012.
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