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02:25 AM
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WHAT Obama spending spree??
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[quote:ZeuZ:MV8xODc3Njg4XzMxMzM2MzIzX0UwRjAxRkQ3] He wants to spend 2 trillion this year to reduce our deficit by 2 trillion over the next 10 years. 1 step forward, 10 steps back [/quote]
Original Message
The chart shows that Presidents Reagan, both Bushes, and to a lesser extent Clinton, grew federal spending at a far quicker pace than Obama. Part of the reason for the slow growth is that Obama — unlike his Republican and Democratic predecessors — signed a law in February 2010 necessitating that new spending laws are paid for. In addition, Obama last year signed into law over $2 trillion in debt-reduction over the next decade.
[
link to tpmdc.talkingpointsmemo.com
]
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