Thursday, May 24, 2012

Politifiction Backs Inaccurate MarketWatch Claim Obama Presided Over the Slowest Growth in Federal Spending in History

Funny thing about facts, they have to be true before you can call them facts.

In the above chart circulated by MarketWatch in an effort to try and discredit Romney's claims that Obama has presided over the fastest growth in federal spending in history you will notice one glaring abnormality... the spending attributed to Bush includes fiscal year 2009. Obama took office at the end of January, 2009.
"Ah ha," you say. "That means the 2009 budget was set by Bush."
Under normal conditions your assumption would be correct because traditionally budgets are set the prior year.  Unfortunately for Obama supporters, in this case that assumption just doesn't hold up. 
The Democrat controlled congress of 2008 refused to put a budget for fiscal year 2009 on Bush's desk. Instead they held it back until Obama took office. Thus, the 2009 budget was set by Democrats and signed into law by Obama in March of 2009.
The 2009 budget is key because it is the one that dramatically increased spending at the federal level and created the trillion dollar deficits we have today.  Since then, Democrats have slowly been adding to that deficit, increasing it in 2010, 2011, and again in 2012.
So when Politifiction calls this article, "mostly true,"  you can rest assured the only thing true about their report is the final line that explains why federal spending has climbed at such a slow rate in 2011 & 2012:
The only significant shortcoming of the graphic was that it failed to note that some of the restraint in spending was fueled by demands from congressional Republicans.

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