ericadawn16 | Government Spending

Here are the facts, according to the official government statistics:

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%.

There has been no huge increase in spending under the current president, despite what you hear.

Most importantly, the President has a balanced plan that would cut deficits by over $4 trillion over the next decade, including the spending cuts he has already signed into law that will bring discretionary spending to its lowest levels as a share of the economy since the Eisenhower Administration.

http://www.attackwatch.com/wall-street-journals-market-watch-obama-spending-binge-never-happened?source=em12_20120526_sc_tt&utm_medium=email&utm_source=obama&utm_campaign=em12_20120526_sc_tt