Obama spending less

[MrArn]

I saw this article that stated that "Government spending under Obama, including his signature stimulus bill, is rising at a 1.4% annualized pace — slower than at any time in nearly 60 years."

Here is the article - http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22

Can it be that Obama has the slowest increase in federal spending of any president in almost 60 years?

[R J]

What do they consider spending.

He has made more Air Force 1 flights than any other president, that is the plane and the chopper.

He is spending our $$$$ flying his wife to NYC for a show.

He is spending our $$$$ flying to Hawaii for a vacation.

I think they left a bunch of sheet out on purpose so as to confuse you.

Anymore, yiou can only believe ZERO % of what the press or the papers put out and only 50% of what is spoken to you.

I do not believe that setting dude is telling all the truth.  He wants your vote at the end of this year.  If he gets re-elected, God help us..........

[Chrisj CMA]

It doesnt need to rise at all.....Obama caused the deficit to rise double what it was when he took over and his promise was to half it.  So any increasing of his spending is nothing but broken promises.  We have no budget thanks to the lefties and we have a debt that is not going to get smaller unless we reverse "Hope and Change" and stop spending and wasting and start taking it serious

[Psychotic Bovine]

http://www.washingtonpost.com/blogs/fact-checker/post/the-facts-about-the-growth-of-spending-under-obama/2012/05/24/gJQAIJh6nU_blog.html?hpid=z3


and that's just ONE article debunking Rex Nutting.  Took me about 1 minute of google searching to turn up quite a few articles exposing Mr Nutting's dubious math and outright fabrications.

[musclehead]

I doubt the facts presented. consider the DEBT (fixed now) WAS 10 trillion when he took over. so now according to his campaign promise we should be at 5 trillion, except we are at nearly 16 trillion.

budgets for the EPA and other agencies exapnded 110% to 150% in the first year.

we added about 200,000 bureacrats in the first 2 years.

the govenrments spending WAS 18-19% of GDP NOW it's 24% and they complain he DIDN'T spend enough.

so I think the American people ain't buying it.

I saw a news story about how Obama lost 42% of the DEMOCRAT vote in Arkansas primary. the opponent? a lawyer from Tennesee!    yeah it's FOX, so if it's not true correct me  

http://www.myfoxdfw.com/story/18619495/obamas-arkansas-primary-opponent-won-42-percent-of-vote-with-only-2k

[BigAl]

I saw this article that stated that "Government spending under Obama, including his signature stimulus bill, is rising at a 1.4% annualized pace — slower than at any time in nearly 60 years."

Here is the article - http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22

Can it be that Obama has the slowest increase in federal spending of any president in almost 60 years?

NO

[musclehead]

I saw this article that stated that "Government spending under Obama, including his signature stimulus bill, is rising at a 1.4% annualized pace — slower than at any time in nearly 60 years."

Here is the article - http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22

Can it be that Obama has the slowest increase in federal spending of any president in almost 60 years?

NO

man of few words eh? 

[MrArn]

http://www.washingtonpost.com/blogs/fact-checker/post/the-facts-about-the-growth-of-spending-under-obama/2012/05/24/gJQAIJh6nU_blog.html?hpid=z3


and that's just ONE article debunking Rex Nutting.  Took me about 1 minute of google searching to turn up quite a few articles exposing Mr Nutting's dubious math and outright fabrications.

The article linked in your post has Obama's annual growth rate as 3.3 percent. Bigger than than 1.4 in the other article but still the lowest number in years. I'm not political, I'm just looking at the numbers. We are not really spending that much more however we are bring in less in revenues.

[ricoman]

I saw this article that stated that "Government spending under Obama, including his signature stimulus bill, is rising at a 1.4% annualized pace — slower than at any time in nearly 60 years."

Here is the article - http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22

Can it be that Obama has the slowest increase in federal spending of any president in almost 60 years?

if it smells like BS, it probably is BS

[Karen]

And when we take in less revenue, we need to spend less, not more. You do that at home, but they do not in DC...

[musclehead]

And when we take in less revenue, we need to spend less, not more. You do that at home, but they do not in DC...

the traditional way out of a recession is to increase spending in the short term and cut taxes.

it sparks growth especially in the housing market by increasing the tax rolls.  the housing market has brought us out of recession every time since WWII. well except this time, now if your new buyer you need 20% down.

we need more tax payers not more taxes....

[Paxton]

QUOTE: "... we need to spend less, not more. You do that at home, but they do not in DC..."

============================

Karen;
I  agree with your comment  in general.
Sadly, many American households whether by choice, lack of financial discipline or by "necessity," do not "do that at home." 
Accumulated credit card debt in America is second only to student loans.

Many folks are used to living beyond their means. They are the ones  who have the most difficulty navigating
the ups and downs of the economy.   Generally, they tend to spend more than they can afford.

Most folks who use the credit card for convenience and pay off the full balance every month are the most discipline and tend to have
the financial resources and stability to do so.

Respectfully.

RIDE SAFE

[mello dude]

Look ---- With the revenue that is coming in - 2.2. Trillion, that covers - Defense, Social Security, Medicare & Medicade, and then the interest on the national debt. That's it. We borrow all the rest of the money to run the other goverment departments - around 21 of them in all. That's the 1.1 - 1.3 trillion dollars that is borrowed anually and goes direct to the national debt. This is straight from the GAO. ---- Ten years out, defense drops out, and the revenue will only cover social security, Medicare and medicaid, and the interest.

This is serious stuff. You know how Europe is on pins and needles now? We are 8 to 10 years to being like Europe. Our national budget needs to be addressed now! Not ten years from now, it will make our current reccession look like a party!

Doing nothing is not aceptable! And gridlock is not acceptable. Nor is a default. Consider this when you vote. No more kicking the can!

[Patrick]

' Think the people ain't buying it ' ... I believe the ones that watch NBC, MSNBC, Ed Shultz, Rachel Maddox and the like are buying it,, and,, thats what scares me..

[Bob E.]

And when we take in less revenue, we need to spend less, not more. You do that at home, but they do not in DC...

Actually, it is when times are tough that household credit is most needed...for unexpected expenses or to get by if you get laid off until you get another job.  How many people get credit cards "just for an emergency"?  And then you are supposed to pay it off when times are good.  The problem is that when times were good, instead of paying it off (Clinton surplus), we cut taxes and increased spending. So it makes it that much harder to get by when times are tough. 

[musclehead]

QUOTE: "... we need to spend less, not more. You do that at home, but they do not in DC..."

============================

Karen;
I  agree with your comment  in general.
Sadly, many American households whether by choice, lack of financial discipline or by "necessity," do not "do that at home." 
Accumulated credit card debt in America is second only to student loans.

Many folks are used to living beyond their means. They are the ones  who have the most difficulty navigating
the ups and downs of the economy.   Generally, they tend to spend more than they can afford.

Most folks who use the credit card for convenience and pay off the full balance every month are the most discipline and tend to have
the financial resources and stability to do so.

Respectfully.

RIDE SAFE

afraid not Mr. Paxton, student debt has caught credit card debt. you'll notice by the graph credit card debt has been trending down since '08.

[musclehead]

' Think the people ain't buying it ' ... I believe the ones that watch NBC, MSNBC, Ed Shultz, Rachel Maddox and the like are buying it,, and,, thats what scares me..

not all of them, even dems are looking to vote for someone else. what is the world coming to 

http://www.foxnews.com/politics/2012/05/23/obama-struggles-in-south-ekes-out-primary-wins-in-arkansas-tennessee/

[Patrick]

I keep hearing about this ' Clinton surplus'.. When Slick Willy left he also left a 5 trillion dollar debt in his wake.. 
In 8 yrs, Bush increased that to 9 trillion..
Now, in 3.5 yrs obama has increased that to almost 16 trillion.. We are now Greece, we borrow 40% of what we spend and our debt is now greater than GNP..

[Fudd]

I do believe there is a magic equation, sorta like an economic event horizion, that once crossed a democratic government's economy cannot recover.  The percentage of GNP payed toward fiscal debt interest and actual unemployment will be two of the main factors.

Keep your eyes on Greece and Spain to find the parameters.