Obama Is a Spendthrift— And Here’s the Proof

Budget: You wouldn’t think that, after adding $5 trillion to the U.S.’ debt, President Obama would seriously claim he’s a fiscal hawk. But thanks to a misleading article on CBS’ MarketWatch site, that’s just what he’s doing.

‘Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years,” Obama said on Wednesday. “Think about that.”

Obama didn’t turn to his own Office of Management and Budget to support this fact, or even the non-partisan Congressional Budget Office.

Instead, he went to a CBS MarketWatch column by Rex Nutting, which claims spending under Obama has risen by an average of just 1.4%.

“Federal spending,” he wrote, “is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.”

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