Posts Tagged ‘republilcans

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




@POTUS

@BarackObama

@WhiteHouse

@FLOTUS

@MichelleObama

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

RSS Obama White House.gov

  • An error has occurred; the feed is probably down. Try again later.

RSS WH Tumblr

  • An error has occurred; the feed is probably down. Try again later.

RSS Steve Benen

  • Coronavirus cases hit a seven-month low in the U.S.
  • The women over 50 making a difference in mental health
  • "I'm returning to my roots in a way," says author of 'On Juneteenth'
  • Florida law a show being put on for Trump supporters, says strategist
  • 'The Three Mothers' looks at the figure behind MLK, Malcom X and James Baldwin

Categories

Archives

Blog Stats

  • 42,994,286 hits
May 2021
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31