Cigar
10-09-2012, 07:25 AM
http://i18.photobucket.com/albums/b137/chasc5/MW-AR658_spendi_20120521163312_ME1.jpg
http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/
Amidst all the cries of Barack Obama (http://www.forbes.com/profile/barack-obama/) being the most prolific big government spender the nation has ever suffered, Marketwatch (http://articles.marketwatch.com/2012-05-22/commentary/31802270_1_spending-federal-budget-drunken-sailor) is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.
Who knew?
It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% (http://www.whitehouse.gov/omb/budget/Historicals)—going from $2.98 trillion to $3.52 trillion. I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong.
The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bush—and passed by the 2008 Congress—it was in effect four months before Barack Obama took the oath of office.
No doubt, many will wish to give the credit to the efforts of the GOP controlled House of Representatives. That’s fine if that’s what works for you.
However, you don’t get to have it both ways. Credit whom you will, but if you are truly interested in a fair analysis of the Obama years to date—at least when it comes to spending—you’re going to have to acknowledge that under the Obama watch, even President Reagan would have to give our current president a thumbs up when it comes to his record for stretching a dollar.
http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/
Amidst all the cries of Barack Obama (http://www.forbes.com/profile/barack-obama/) being the most prolific big government spender the nation has ever suffered, Marketwatch (http://articles.marketwatch.com/2012-05-22/commentary/31802270_1_spending-federal-budget-drunken-sailor) is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.
Who knew?
It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% (http://www.whitehouse.gov/omb/budget/Historicals)—going from $2.98 trillion to $3.52 trillion. I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong.
The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bush—and passed by the 2008 Congress—it was in effect four months before Barack Obama took the oath of office.
No doubt, many will wish to give the credit to the efforts of the GOP controlled House of Representatives. That’s fine if that’s what works for you.
However, you don’t get to have it both ways. Credit whom you will, but if you are truly interested in a fair analysis of the Obama years to date—at least when it comes to spending—you’re going to have to acknowledge that under the Obama watch, even President Reagan would have to give our current president a thumbs up when it comes to his record for stretching a dollar.