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Obama Claims He Is Not An ‘Over-Spender’

From ABC News:

President Obama Denounces Republican ‘Wild Debts’: I’m Not an Over-Spender

By Devin Dwyer
May 23, 2012

COLORADO SPRINGS, Colo. — At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending.

Obama is not content to push just one Big Lie. He has to push a dozen Big Lies every week.

“I’m running to pay down our debt in a way that’s balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law,” he told a crowd of donors at the Hyatt Regency

Maybe Obama thought his donors would never dare to question anything he said. (Just like the news media.) But do the math. If what Obama claims were true we would be running a $1 trillion dollar surplus. We aren’t. Or Obama wouldn’t be needing to raise the debt ceiling every three months.

“My opponent won’t admit it, but it’s starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that.”

Think about that and laugh at the preposterousness of it all. Or maybe worry that we have a President who is willing to claim such obliviously untrue things without the slightest tinge of embarrassment.

Obama was referring to an analysis released this week by Rex Nutting, a reporter for CBS MarketWatch who is also affiliated with the Wall Street Journal. Nutting concluded that Obama has presided over the slowest growth in federal spending in decades.

Has Rex Nutting (who?) reported his ‘in kind’ contribution to the Obama campaign to the FEC? Or is CBS already registered as a Super PAC?

“Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace – slower than at any time in nearly 60 years,” Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm.

“The big surge in federal spending happened in fiscal 2009, before Obama took office. Since then, spending growth has been relatively flat,” he wrote. “Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4 percent. There has been no huge increase in spending under the current president, despite what you hear.”

In other words, if you don’t count the unprecedented spending spree that Obama engaged in during his first year in office, his spending hasn’t been so bad.

However, not even Mr. Nutting can pretend Obama’s first year did not happen. In fiscal year 2009, Obama spent $825 billion dollars on his first stimulus, $200 billion dollars on a second (and unnecessary) round of TARP spending, and $40 billion dollars on a new child health care bill.

All of which adds up to $1.065 trillion dollars. And none of that $1.065 trillion in spending was included in President Bush’s budget for fiscal 2009.

And, bear in mind, that most of Obama’s new spending got built into the baseline budgets for the various agencies involved. So we will be paying for these increases year after year and for the rest of time.

The Obama campaign circulated Nutting’s article by email and posted it on its website Tuesday.

Why not? They when they get someone to carry their water, they want people to notice.

The president picked up on the theme again today to hammer the point home.

“I just point out it always goes up least under Democratic presidents. This other side, I don’t know how they’ve been bamboozling folks into thinking that they are the responsible, fiscally-disciplined party. They run up these wild debts and then when we take over, we’ve got to clean it up."

Mr. Obama’s projection has become positively pathological. — In fact, notice that whenever he uses the word bamboozle, he is always trying to bamboozle us with some new whopper.

The Republican National Committee pointed out that while growth of spending and debt may have slowed, Obama has overseen the three largest deficits in U.S. history.

Even though Obama has cut two dollars in spending for every dollar of deficit he inherited? How is that possible?

This article was posted by Steve on Thursday, May 24th, 2012. Comments are currently closed.

10 Responses to “Obama Claims He Is Not An ‘Over-Spender’”

  1. AcornsRNutz says:

    Correct me if I am wrong, but FY2009 in the military is October 08-October 09. Now the Bumper stickers on all the hybrids proudly proclaimed Jan 09 as the end of the Bush reign of terror, so I am wondering how the “before obama took office” thing is even remotely palatable to anyone as fact.

  2. mr_bill says:

    Terrence Jeffrey sorts our the nerobama campaign’s new [laughable] lies.

    …What do the historical budget tables posted on the White House website by President Obama’s Office of Management and Budget have to say about this?

    According to these tables, there have been only five fiscal years since World War II when federal spending exceeded 24 percent of Gross Domestic Product. These are fiscal 1946 (the first year after World War II ended) and fiscal years 2009, 2010, 2011 and 2012. (Prior to 1977, the federal fiscal year began on July 1 and ended on June 30. Since 1977, the federal fiscal year has begun on Oct. 1 and ended on Sept. 30.)


    • mr_bill says:

      I love it when liberals do this. Every election year, liberals try to convince voters that they are in some way conservative. Activist liberals claim they are fiscal conservatives, big-spending liberals claim they are social conservatives. They all try to find some way to appear less liberal than they are.

      The fact that liberals recognize the necessity of at least appearing conservative in some shape, form or fashion should tell us everything we need to know about political philosophies and the electorate in the US.

      Can you imagine nerobama having a snowball’s chance of being re-elected if he were running a campaign embracing his record and promising to increase the US debt to $24 trillion by the end of his second term?

  3. canary says:

    I caught Obama’s lie on TV and realized this is the kind of outrageous lies he will be saying at a high speed of rate.

    ” After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law,” he told a crowd of donors at the Hyatt Regency…”

    Mitt Romney needs to make every word count and call Obama out on these lies. Romney needs to make every word count.

    Running a commercial with Joe Biden’s statements in the background, using the ole break and egg on a frying pan and say this is Joe Biden’s brain as is.

    Mitt Romney needs to

  4. OTA Mom says:

    “Make the lie big, make it simple, keep saying it, and eventually they will believe it.”

    • LibsRNutz says:

      Well, I don’t know whose quote that actually is, but it should be the bumper sticker on the back of obama’s car. Problem is, he lies big and too fools who will gladly give him another 4 yrs. to F up our country beyond any hope of repair.

  5. Petronius says:

    I guess S&P’s historic downgrade of US public debt last August must have been a mistake.

    Or maybe S&P was bamboozled.

  6. wirenut says:

    Just when, did eloquent and evil mean the same things?

  7. tranquil.night says:

    Proreason, if you are out there I have all sorts of people that want your clairvoyance on their team. Non-Republican loyalists, people in the trenches. We need your sight, wise old friend.

    I kick myself weekly for never asking for his email.

    • tranquil.night says:

      Oops somewhat of a miss-post, but I’m sure Pro would have some sharp witty barb or epic take down that would add another layer of perspective to the Marxist’s tactics.

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