You’ve probably heard the Republican rant about Obama’s runaway
spending. So, what’s the truth? Which president increased federal spending
the most? Was it Obama, Clinton, Bush I,
Bush II or Reagan? You may be surprised to
learn that rather than being a spendthrift, actually Obama has done a much
better job at slowing the growth of federal spending than any of his recent predecessors,
even if you count the stimulus.
According to Rex Nutting at Market Watch, federal spending under Obama has
increased at an annual rate of just 1.4% and, adjusted from inflation has
actually declined. That’s a better track
record on spending than Reagan, Bush I, GW, or Clinton. Check out the facts here:
And in the Nutting’s chart below:
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