The Republican Party Convention was an interesting and entertaining show, filled with so many misleading speeches and outright lies, that it is hard to know where to start.
Mitt Romney and crew continued to mislead Americans about President Barack Obama’s record on spending and deficit reduction, falsely attacking the President for creating a “spending inferno.”
Rex Nutting, of The Wall St. Journal (hardly a “bleeding heart liberal paper”), in its Market Watch column, examined the facts and concluded: “of all the falsehoods told about President Obama, the biggest whopper is the one about his reckless spending spree. The actual record under President Obama “doesn’t show a reckless increase in spending. Far from it.”
Take a look at Nutting’s breakdown of spending over the last four years, which says that, under President Obama, federal spending is rising at the slowest pace since Dwight Eisenhower was President:
Here are the facts, according to the official government statistics:
In the 2009 fiscal year—the last for George W. Bush—federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion (a modern-day record).
In fiscal 2010—Obama’s first budget —spending fell 1.8% to $3.46 trillion.
In fiscal 2011, spending rose 4.3% to $3.60 trillion.
In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.
Finally in fiscal 2013—Obama’s final budget of his first term—spending is scheduled to fall 1.3% to $3.58 trillion.
Over Obama’s four budget years, federal spending will average $3.5675 trillion per year, or about 1.3% higher than the last Bush budget.
There has been no huge increase in spending under President Obama, despite what Romney and other Republicans claim. Most importantly, President Obama has a balanced plan that would cut deficits by over $4 trillion over the next decade, including the spending cuts he has already signed into law that will bring discretionary spending to its lowest levels as a share of the economy since the Eisenhower Administration, if the Republicans will let him pass it.
Finally, statistics compiled by OMB, CBO, and Haver Analytics show that between FYs 1982 and 2013, Obama will have the lowest annualized percentage increase of federal spending, even though the 2009 stimulus program proposed and enacted under George W. Bush was reassigned to Obama. And that other “wild spending Democrat,” Bill Clinton, had the second and third lowest percentage increases. Republican presidents, on the other hand, had the five highest percentage increases. So much for Republican “fiscal responsibility.”
* includes the only four balanced budgets in the last 32 years!
Democrats are not pretending to be perfect, but if you want fiscal responsibility, and care about our economy, education, our troops serving our country, Social Security and Medicare, remember who has been more responsible, who cares about students, teachers, schools and our children’s future, remember who started and fought to keep our promises of Social Security and Medicare for our elderly and disabled?
When they talk about the job creators, why don’t Republicans join the President and reward job creators who bring jobs to America, and NOT the people sending jobs overseas where they deal in human trafficking, using child and slave labor to work in Burma, Communist China, India and Pakistan. Why haven’t Republicans joined Democrats to work on infrastructure all across America? Many of us have asked these and other questions only to get a shrug from our current Congressman or other Republican Party leaders…or, just more misstatements and outright lies, like Paul Ryan, who voted for the big bank, TARP legislation and huge spending under President George W. Bush, saying he has to kill Medicare to save Medicare.
A famous Republican once said, “You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time.” That famous Republican was President Abraham Lincoln, and after this convention, I think he must be very sad to know how careless todays’ Republican Party leadership is with the truth.
Democratic Candidate for Congress
11th District, TX.