Obama Has Overseen the Slowest Federal Spending Increase Since Eisenhower in the 1950's

JoshuaKennon.com ^ | 05/23/2012 | Joshua Kennon

[ctdonath2]

(Bah, mangled formatting)
Here's the article without the irrelevant rhetoric & insults (and I'm being generous):

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President Obama has overseen the slowest increase in government spending since Eisenhower was in office in the 1950′s.

President Obama has increased Federal spending by only 0.4% per annum, or 40 basis points. Strip out inflation, and real government spending is actually falling.

most of the debt is really being created to offset the collapse of the private credit markets

In other words, if you have $100 in a savings account paying you $0, and inflation is running 4%, what is really happening is that $4 in purchasing power is being taken out of your pocket each year and transferred to someone who is in debt.

The money supply had to be stabilized and it had to be put on the nation’s credit card.

At the current rate his administration is going, real purchasing power spending per American will fall from $11,450 per person when he took over in 2009 to $10,900 in 2013 when he leaves office or is serving another term.

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An assertion, with a very unsettling conclusion and nigh unto no actual analysis. Upshot is: "we had to increase national debt" and somehow that's not "spending". Kinda thin for someone who spent several times that verbiage ranting about how shallow other people are.

[Liberty Valance]

Thanks for the handy graphs.

[liberalh8ter]

This “Obama slowed Federal spending” byline is absolutely spew-worthy. I’ll give Axelplouffe and Carney this, when they’re not sloppily photoshopping, they’re dreaming up whoppers. Obama’s not the only amateur in the White Hut.

[Wuli]

The lie is that in terms of discretionary spending alone - that which is essentially NOT “entitlements” like Social Security and Medicare, which are less subject to annual funding changes - in other words, when considering the discretionary “budget” Presidents are likely to have the most affect on, then surely Obama’s record cannot be the “slowest” spending rise since Ike.

And can anyone validate that the “Keynsian” affect of Obama’s spending has done more positive things for the economy than many other factors outside of where and how Federal dollars are spent. No.

[Petrosius]

I believe more in a form of the Ordoliberalism economic school of societal structure. Likewise, the price will be inflation, which is really not so much prices increasing, but rather the value of the dollar decreasing.… It also relieves the burden of debt holders who are in over there heads by transferring, for all intents and purposes, purchasing power away from savers who have their money in the bank and to the person or institution in debt.

In other words, he favors the deliberate transfer of wealth from the responsible who live below their means to the irresponsible who live beyond their means. In a moral age this is called theft. Nor do I find in the Constitution the authority to manipulate the economy to favor one group over another.

[Ernest_at_the_Beach]

There are links and some narrative that goes with the charts on this thread:

How to make bama spending look small (Graphic )

[Ernest_at_the_Beach]

Billy did a heck of a job with those charts....thanks for spreading it.

I saw a wild debate on Kudlow last week I think...the Dems seem to be really working hard to spread the message that Nutting was working on.

The Dem on the Kudlow was spouting from this nonsense.....couldn't figure it out at the time.

[Smokin' Joe]

It also isn’t easy to explain how the budgetary cycles work in Washington, D.C. We could have put a large turnip in the Oval Office, dressed it in a custom made tuxedo, and referred to it as “Mr. President” and the national debt would have still risen exactly as it has....

Can we have the turnip and a do-over?

Whatever happened with the debt, we'd save on huge vacations, a bunch of executive orders, agency BS, and the embarasment of having the turnip bow to every petty tyrant on the planet.

Just for starters...

[mcshot]

Warped believers, I saw a Ford Focus today so covered in 0 ans SEIU stickers you could hardly tell the color of the car. The dimwit driver even had an American flag as his front plate. It was hard but I left the dumb ass alone.

[Moltke]

This is like a midget standing on a stool trying to convince you he’s six feet tall.

Or a midget standing in his stool trying to convince you you are smelling roses.

[Let_It_Be_So]

Isaiah 5:20
“Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!”

[Grampa Dave]

“Thanks for the handy graphs.”

You are welcome. Thank Ernest for his post where I got the graphs.