Thursday, May 24, 2012

Growth of government spending slowest in 60 years under President Obama

Click pic for larger view
Mitt Romney says federal spending has accelerated under President Obama.

Actually, the facts bear out something quite the opposite: Federal spending under President Obama grew at the slowest pace in 60 years.  Click on the pic above to see rate of spending under the last 8 administrations.

From Politifact:

Obama has indeed presided over the slowest growth in spending of any president using raw dollars, and it was the second-slowest if you adjust for inflation. The math simultaneously backs up Nutting’s calculations and demolishes Romney’s contention. The only significant shortcoming of the graphic is that it fails to note that some of the restraint in spending was fueled by demands from congressional Republicans. On balance, we rate the claim Mostly True.
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