Blogs » Democratic Economic Talking Points » Obama Has Not Reduced Spending !!!!!

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Obama did not reduce spending by any stretch of the imagination. In Bush's last year he increased spending 9.3%. The next year Obama increased spending almost 18%, a quantum leap in spending that has stayed there with average annual increases of 3.25%. We can thank a Republican Congress for restraining some of this runaway spending after 2010 - otherwise it surely would be much worse.

As it is We are currently on course to have a federal budget deficit of $1.4 trillion dollars for 2012 - that sounds like a spending inferno to me. This data is courtesy of the Obama Whitehouse all spending is in 2005 inflation adjusted dollars. The actual spending is of course much larger.

http://www.whitehouse.gov/omb/budget/Historicals

Year..................Billions ($ 2005).................. % Increase

2007........................2729................................2.8%

2008.......................2983.................................9.3%

2009.......................3518.................................17.9%