As a 501(c)(3) nonprofit, we depend almost entirely on donations from people like you.
We really need your help to continue this work! Please consider making a donation.
Subscribe here and join over 13,000 subscribers to our free weekly newsletter

Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?
Key Excerpts from Article on Website of Forbes

Forbes, May 24, 2012
Posted: August 28th, 2012

Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower. So, how have the Republicans managed to persuade Americans to buy into the whole Obama as big spender narrative? It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% going from $2.98 trillion to $3.52 trillion. Ill bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservativesbut you would be wrong. The first year of any incoming president term is saddledfor better or for worsewith the budget set by the president whom immediately precedes the new occupant of the White House.. So, how do the actual Obama annual budgets look? In fiscal 2010 (the first Obama budget) spending fell 1.8% to $3.46 trillion. In fiscal 2011, spending rose 4.3% to $3.60 trillion. In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Offices estimate of the budget that was agreed to last August. Finally in fiscal 2013 the final budget of Obamas term spending is scheduled to fall 1.3% to $3.58 trillion.

Note: The chart included with this article comparing amount spent by recent president's is quite revealing.

Latest News

Key News Articles from Years Past