PolitiFact Verifies: Rise In Spending Under Obama Lowest Since Eisenhower

Posted by | May 25, 2012 00:02 | Filed under: Top Stories

PolitiFact looked at the claims made by Rex Nutting that the rate of spending growth is lower than it’s been in 60 years, and found it to be true.

Like Nutting, we used historical data from the Office of Management and Budget along with projections from the nonpartisan Congressional Budget Office. Projecting outlays into the future involves a degree of uncertainty, but CBO’s most recent projections are considered the most independent and reliable…

So, using raw dollars, Obama did oversee the lowest annual increases in spending of any president in 60 years.

Obama has indeed presided over the slowest growth in spending of any president using raw dollars, and it was the second-slowest if you adjust for inflation. The math simultaneously backs up Nutting’s calculations and demolishes Romney’s contention. The only significant shortcoming of the graphic is that it fails to note that some of the restraint in spending was fueled by demands from congressional Republicans. On balance, we rate the claim Mostly True.

Click here for reuse options!
Copyright 2012 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

Leave a Reply