We wrote about this issue the other day HERE; despite the constant meme that government spending increased under President Obama….that’s not the case. A friend to the IACWE community – Groobiecat Call – actually made it on Politifact (check out his blog HERE). President Obama said yesterday, “Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that.”
Politifact rates the claim HERE:
The Facebook post said that Romney is wrong to claim that spending under Obama has “accelerated at a pace without precedent in recent history,” because it’s actually risen “slower than at any time in nearly 60 years.”
We found that Obama has indeed presided over the slowest growth in spending of any president using raw dollars, and the growth on his watch 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 was that it failed to note that some of the restraint in spending was fueled by demands from congressional Republicans. On balance, we rated the claim Mostly True.
Source: ABC News
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