Tuesday, January 22, 2013

Under Obama, Government Spending Has Grown More Slowly Than Under Any President Since Eisenhower

Under Obama, Government Spending Has Grown More Slowly Than Under Any President Since Eisenhower"Federal outlays over the past three years grew at their slowest pace since 1953-56, when Dwight D. Eisenhower was president. Expenditures as a share of the economy sank last year to 22.8 percent, their lowest level since 2008, according to Congressional Budget Office data. That’s down from 24.1 percent in 2011 and a 64-year high of 25.2 percent in 2009, when Obama pushed through an $831 billion stimulus package. [...]
Spending grew just 0.6 percent from 2009 to 2012, according to data compiled by Bloomberg from government reports." And for all the tea partiers that love to deny math, republicans admit this true and actually want to take credit for it. So before you go denying numbers (like Romney's poll numbers) just remember republicans want credit for this.

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