There are those who tell the truth. There are those who distort the truth. And then there’s Mitt Romney.
Every political campaign exaggerates and dissembles. This practice may not be admirable — it’s surely one reason so many Americans are disenchanted with politics — but it’s something we’ve all come to expect. Candidates claim the right to make any boast or accusation as long as there’s a kernel of veracity in there somewhere.
Even by this lax standard, Romney too often fails. Not to put too fine a point on it, he lies. Quite a bit.
“Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history,” Romney claims on his campaign Web site. This is utterly false. The truth is that spending has slowed markedly under Obama.
An analysis published last week by MarketWatch, a financial news Web site owned by Dow Jones & Co., compared the yearly growth of federal spending under presidents going back to Ronald Reagan. Citing figures from the Office of Management and Budget and the Congressional Budget Office, MarketWatch concluded that “there has been no huge increase in spending under the current president, despite what you hear.”
Quite the contrary: Spending has increased at a yearly rate of only 1.4 percent during Obama’s tenure, even if you include some stimulus spending (in the 2009 fiscal year) that technically should be attributed to President George W. Bush. This is by far the smallest — I repeat, smallest — increase in spending of any recent president. (The Washington Post’s Fact Checker concluded the spending increase figure should have been 3.3 percent.)
In Bush’s first term, by contrast, federal spending increased at an annual rate of 7.3 percent; in his second term, the annual rise averaged 8.1 percent. Reagan comes next, in terms of profligacy, followed by George H.W. Bush, Bill Clinton and finally Obama, the thriftiest of them all.
- Obama spending binge never happened! (kaystreet.wordpress.com)
- Obama Wants to Be Known As the Thriftiest President Since Eisenhower (independentsentinel.com)
- Obama spending binge never happened – Rex Nutting – MarketWatch (therealwithdarylanddevon.wordpress.com)
- Obama On Defense As Republicans Pounce On Critical Issue (huffingtonpost.com)
- If You Want Another Debt And Spending Binge, Vote GOP, Ctd (andrewsullivan.thedailybeast.com)