Jesus Tapdancing Christ. I have seen this now in several places and it needs to fucking stop:
Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.
But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.
Even hapless Herbert Hoover managed to increase spending more than Obama has.
Stop right there. If you’ve been on this site, you know that the “Hoover cut spending” thing is a complete myth. Hoover increased spending massively and doubled the debt during his Presidency. Roosevelt called him out as a socialist. So this writer is already starting from ignorance. But carry on:
• In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.
• In fiscal 2010 — the first budget under Obama — 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.
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%.
You see what the problem is? FY2009 was not a Bush year. FY2009 was not a Bush year. FY 2009 was not a Bush year. The Democratic Congress did not pass a budget until March 12, 2009. Do you know who was President on March 12, 2009? It was not George W. Bush.
FY2009 also included the stimulus which this analysis now considers part of the baseline — exactly as conservatives warned would happen. Do you know who passed the stimulus? It was not George W. Bush.
You can blame Bush for TARP. But let’s remember that Obama voted for it, used it, expanded it. Two car companies got bailed out on that budget authority. Do you know who bailed those car companies out? It was not George W. Bush. Well, not the big bailout at least.
Look, I’m prepared to bash Bush with the best of them. But this is bullshit. If you’re going to use a baseline for Barack Obama’s spending, maybe you can use $3.1 trillion Bush originally requested. But you can’t use the final budget figures as a comparison. That’s simply cheating.
The author eventually, on page 2, gets around to this, admitting that, at minimum, Obama has increased spending 1.4% per year. But that too is deceptive since many of the Obama “tax cuts” were for people who don’t pay taxes. Moreover, we’ve been winding down two wars, which should have moved the budget closer to balance.
(The New York Times tried this stunt too, gaming the figure so that it looks like Obama has cut spending. Even then, they have to credit him with state spending cuts. I find that ironic since the point of the stimulus was to prevent state spending cuts, but … let’s not interrupt the Times when they’re in the middle of Democratic propaganda.)
Anyway, the idea that Obama has not increased spending is pure garbage. To the extent that he has controlled spending, it has been because of relentless pressure, faceoffs with the GOP and the winding down of two wars. His last two budget were rejected almost unanimously by Congress. He does deserve credit for winding down the wars. I’ll give that to him. But let’s not pretend he’s a model of fiscal restraint.