Dow Jones’ MarketWatch investor news site is rolling with this analysis of government spending growth that clearly puts the lie to frequent claims that Obama is a ‘big spender’ and that his administration has presided over a huge growth in government spending.
In reality, Obama has increased government spending less than any president since Dwight Eisenhower, first elected in 1952.
Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.
But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.