Under Obama, federal spending is at its slowest rate of growth in decades.
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.
Using solely governmental records, MarketWatch manages to prove that the federal budget in the Obama era is the most conservative (in classical terms) we’ve seen in a generation. With a caveat:
By no means did Obama try to reverse that spending. Indeed, his budget proposals called for even more spending in subsequent years. But the Congress (mostly Republicans, but many Democrats too) stopped him. If Obama had been a king who could impose his will, perhaps what the Republicans are saying about an Obama spending binge would be accurate.
And that’s not a small point, but it doesn’t undermine the main idea. The right-wing media is on a tirade about how Obama’s spending is out of control and we’re seeing the federal government light money on fire just to watch it burn. Nothing could be farther from the truth. This isn’t some conjecture made by a left-wing think tank, it’s simple graphing done with the government’s own numbers.
Will it stick? Somehow I doubt it.