ANOTHER RIGHT WING MYTH BITES THE DUST

No Growth in Government Spending Since Obama became President after 44 Years of Increases



Under President Barack Obama, whom many conservatives claim is a tax-and-spend liberal, federal spending has declined after decades of increases.
Data from the Office of Management and Budget (OMB) shows that in 1965, government spending was $118 billion. For the next 44 years, that figure steadily went up through 2009, when outlays totaled $3.5 trillion.

But starting in 2010 and for the next four years, there was no growth in nominal spending, according to libertarian Dan Mitchell, a senior fellow with the Cato Institute.

After combing through data from OMB and the Congressional Budget Office, Mitchell found government outlays from 2009 to 2014 actually went down from $3.52 trillion to $3.50 trillion.

“It hasn’t received nearly as much attention as it deserves, but there’s been a spending freeze in Washington,” Mitchell wrote in his blog.



From AllGov
December 6, 2014

Comments

Popular posts from this blog

REAL LIFE STORY OR REAL LIFE HOAX?

INTERNATIONAL AFFAIRS: THE TRUMP/PUTIN LOVE CHRONCILES

SHE SHOWED HIM HERS, HE SHOWED HER HIS. AND HE GOT BUSTED!