President Obama Denounces Republican 'Wild Debts': I'm Not an Over-Spender

Yahoo ^ | 5/23/12 | Devin Dwyer | ABC OTUS News

[NormsRevenge]

COLORADO SPRINGS, Colo. - At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending.

"I'm running to pay down our debt in a way that's balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law," he told a crowd of donors at the Hyatt Regency. "My opponent won't admit it, but it's starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I've been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that."

Obama was referring to an analysis released this week by Rex Nutting, a reporter for CBS MarketWatch who is also affiliated with the Wall Street Journal. Nutting concluded that Obama has presided over the slowest growth in federal spending in decades.

"Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace - slower than at any time in nearly 60 years," Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm.

"The big surge in federal spending happened in fiscal 2009, before Obama took office. Since then, spending growth has been relatively flat," he wrote. "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 percent. There has been no huge increase in spending under the current president, despite what you hear."

[SunkenCiv]

Thanks NormsRevenge. And think how many partisan media shills are going to glom on to this ridiculous lie of Zero's, on NPR, PBS, and the Sunday talking (out of their asses) shows -- his campaign to establish a single party state has taken another dangerous turn.

The Ministry of Truth by ~Jan3090 on deviantART

[Carriage Hill]

There’s still one restaurant left, with the Sambo’s name:

http://www.sambosrestaurant.com/

I’d go eat there, if I’m ever on the Left Coast again on business, which I probably won’t be.

[chessplayer]

Saddest thing is he truly believes he’s not over spending.

[exit82]

My Abbott and Costello favorite: 13 x 7 = 28:

http://www.youtube.com/watch?v=Lo4NCXOX0p8&feature=related

[OafOfOffice]

Gee Obama, who was in charge of congress spending since 2007? Reid, Pelosi, Obama ring any bells?

I read a story where Pelosi refused the military any money unless Bush allowed her to spend.

[luvbach1]

Apparently the Sambo’s I remember in San Diego was part of the chain, of which the only one left is in Santa Barbara. I didn't know there were once over 1,000 nation-wide.

[Carriage Hill]

Surprised me too.

[21twelve]

My favorite too! (With Shemp!) But I thought I would search for one with money. I was listening to Rush Limbaugh this morning, and the way he was explaining how they calculated it, it really could have been a good Abbott and Costello routine:

So the budget for 2009 is made in 2008?

Correct!

But when 1 trillion is added by the new president in 2009, it is for 2009.

Correct.

So that is Obama’s budget!!

Wrong! The budget for 2009 was set in 2008, when Bush was president - so it is, once again, Bush’s fault!

[SoDak]

Lying bald-faced...because he can, and the state run media will assist. Up is down, black is white, wrong is right. I don’t know that this country will ever come out of this tight spot between a corrupt government and press. How can you battle this?

[NormsRevenge]

I don’t know that this country will ever come out of this tight spot between a corrupt government and press. How can you battle this?

—

More cowbell?

No.

More cowpies!!!

It’s always darkest before the dawn, yaknow.

This is just a phase we’re going thru. Yeah, That’s it. It’s just a phase.

Folks in the media will snap out of it, Right? They must see the danger in an all powerful gubamint.

[rurgan]

Lying bald-faced...because he can, and the state run media will assist. Up is down, black is white, wrong is right. I don’t know that this country will ever come out of this tight spot between a corrupt government and press. How can you battle this?

So true. The media or press have almost all the power in the U.S. ..And the media are marxists/democrats so they are allies with the corrupt government and Marxis,corrupt Obama.

[SoDak]

It’s not just the press, or news media, it’s the whole entertainment complex. They have the power to increment everything to normal, no matter how outrageous, sinister, or depraved.