09
Feb
11

‘the myth of obama’s big spending’

The Daily Beast: Does the president really suffer from what House Speaker John Boehner calls a “spending illness”? Not according to an exclusive Newsweek-Daily Beast estimate of his outlays on new legislation since taking office.

… what Republicans never mention when railing against Obama’s alleged fiscal recklessness is how much money he has spent, and what exactly he’s spent it on.

To rectify the situation, Newsweek and The Daily Beast have come up with an exclusive estimate of the amount the president has spent on new legislation since taking office in January 2009…

What we found may surprise people who see Obama as the Big Spender in Chief. Over the last two years, the president has decided to “spend” $21 billion more on tax cuts — the GOP’s preferred policy response to, well, everything — than on government programs. (Details here)

…Regardless of reality, Republicans have a strong incentive to keep characterizing the president’s spending as an “out-of-control,” “unprecedented” “spree” that “threatens” “our children’s future.”…

But during an accounting argument, it’s useful to have real, live numbers to battle over. On the rare occasion Republicans do allude to real stats, they tend to shout about the growing short-term deficit, a problem that has a lot more to do with declining recession-era tax revenues and increasing safety-net outlays than anything Obama has done, or not done.

….Democrats can argue that rescuing the U.S. economy from a second Great Depression for less than the price of the wars in Iraq and Afghanistan was a relative bargain….

Read the full article here


3 Responses to “‘the myth of obama’s big spending’”


  1. 1 Sonjia Duncan
    February 9, 2011 at 9:30 am

    It is unbelievable that people are so ready to believe the myth that President Obama is the one who is a big spender.

  2. 2 Dorothy Rissman
    February 9, 2011 at 4:15 pm

    Chipsticks, I was so thrilled to read this and know that it is making its way into the news. Yes We Can!, by, Winning the
    Future.

  3. 3 SUE DUVALL SMITH
    February 9, 2011 at 5:03 pm

    PRESIDENT OBAMA HAS INVESTED IN AMERICA IN ALL THE RIGHT PLACES. JOHN BOEHNER HAS NOTHING TO SHOW FOR HIS UNLESS YOU DUB GOLFING,HIS TANNING BOOTH AND DINING OUT WITH SPECIAL INTERESTS AND LOBBYISTS A VALUABLE COMMODITY!


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