“I’m running to pay down our debt in a way that’s balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law,” he told a crowd of donors at the Hyatt Regency. “My opponent won’t admit it, but it’s starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that.”
Obama was referring to an analysis released this week by Rex Nutting, a reporter for CBS MarketWatch who is also affiliated with the Wall Street Journal. Nutting concluded that Obama has presided over the slowest growth in federal spending in decades.
Rex Nutting, eh? More like Rex Nutter. Over at Doug Ross, he’s got the perfect title for the debunk of
Nutter’s Nutting’s claim:
Long & Short of said debunking:
“As the chart indicates, Nutting arrives at that 1.4% number by assigning 2009—when spending surged nearly 20%—to
George W. Bush…”
Update: Via Gateway Pundit -WSJ’s Stephen Moore Responds. Ouch!