20120524

Is Federal Spending Down Under Obama?

If you've heard that federal spending is down under Pres. Obama, read Ann Coulter's Figures Don't Lie: Democrats Do.

Warning: put down the coffee or tea first.

UPDATE: Since Coulter's piece hit the virtual street, the leftists have gone on the attack. Joan Walsh over at Salon did the honors this time with "Ann Coulter’s phony budget math."

Anyway, I have no intention or need to defend Ann Coulter. She can do quite well on her own. What I do want to do is to go back to the original argument. To use Walsh's "recap:" "Nutting crunched Office of Management and Budget and Congressional Budget Office numbers to find that under Obama, spending has risen at an annualized rate of 1.4 percent, less than any president since Dwight Eisenhower. It jumped 8.1 percent in the last three years of the George W. Bush presidency, and in fiscal year 2009, for which Bush approved the budget, it jumped 17.9 percent. But Bush isn’t the most profligate Republican: Ronald Reagan increased spending an average of 8.7 percent in his first term."

So, the "rate of increase" from George W. Bush to Barack Obama was a mere 1.8%. That is a foolish argument since even Democrats railed that George W. Bush was spending too much money. Also, to base future spending on spending that included an emergency fund to stabilize the banking industry is insanity. There was never an intention to keep spending anywhere near what was spent in 2009. God help us if we did.

Oh, and if Obama was not responsible for any of the bank bailouts, why does he (directly or through surrogates) continually lie and say that he "saved" the banking industry?

The foolishness of the whole discussion is the underlying suggestion by leftists and Democrats that everything is fine with spending $3 trillion a year (even while bringing in only $2 trillion). The leftists and Democrats also seem to be oblivious to the dangers of $16 trillion in national debt, a figure that grows about a million dollars every two minutes. 

Even when leftists and Democrats acknowledge the massive debt, they pretend that by merely "taxing the rich" we can make it all go away. Anyone. Anyone who suggests such a thing is either ignorant of simple facts or a far bigger liar than Ann Coulter could ever hope to be.