Craig Eisele on …..

July 17, 2012

Barack Obama the SMALLEST Government Spender Since Eisenhower.. REALLY!!!!

Filed under: Uncategorized — Mr. Craig @ 10:50 pm

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

Lies republicans have said so many times we all believe they are true!!

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?

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% —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.

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.

AND FOR MY FELLOW REPUBLICANS WHO USE FOX AS A REFERENCE AND  HAVE NO CREDIBILITY … .. OR  HAVE BOUGHT INTO THE LIES OUR OWN PARTY HAS BEEN SPREADING …. HERE IS JUST A LITTLE MORE FOR YOU BEFORE YOU GO ON A RANT ABOUT  HOW WRONG I AM . STOP THIS FUCKING HATING AND LYING AND BE A REAL AMERICAN AND NOT A RACIST BIGOT FOR A GOD DAMN CHANGE!!

FROM Daniel Mitchell of The Cato Institute:

“The 2009 fiscal year began October 1, 2008, nearly four months before Obama took office. The budget for the entire fiscal year was largely set in place while Bush was in the White House. So is we update the chart to show the Bush fiscal years in green, we can see that Obama is partly right in claiming that he inherited a mess (though Obama actually deserves a small share of the blame for Bush’s last deficit since earlier this year he pushed through both an “omnibus” spending bill and the so-called stimulus bill that increased FY2009 spending).

http://www.cato-at-liberty.org/dont-blame-obama-for-bushs-2009-deficit/

And how big of a deal was the portion of the year’s pending was attributable to the Omnibus spending bill?

Not much according to the Von Mises Institute!

“The 2009 Omnibus Appropriations Bill, for example, was signed by Obama six months before the end of the fiscal year, and coming in at less than half a trillion dollars, this spending was only a fraction of the 3.5 trillion or so in spending already signed into law by Bush earlier that fiscal year.”
archive.mises.org/16107/bushs-huge-budget-numbers-blamed-on-obama/

And it gets worse. Calling The Weekly Standard a bunch of idiots might get you drummed out of the Sons of Liberty brotherhood! Here’s what they have to say-
“In fairness, however, Obama can’t rightly be held accountable for the 2009 budget, which he didn’t sign (although he did sign a $410 billion pork-laden omnibus spending bill for that year, which is nevertheless tallied in Bush’s column). Rather, Obama’s record to date should really be based on actual and projected spending in fiscal years 2010 and 2011 (plus the $265 billion portion of the economic “stimulus” package, which he initiated and signed, that was spent in 2009 (Table S-10), while Bush’s should be based on 2002-09 (with the exception of that same $265 billion, which was in no way part of the 2009 budgetary process).”
The Weekly Standard http://www.npr.org/2011/01/25/133211508/the-weekly-standard-obama-vs-bush-on-debt

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: