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FBN’s Lou Dobbs breaks down the federal government’s spending under the Obama Administration.
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Part of the white house press secretary's job description is to -- and the president's policies.
Jay Carney today did that he did passionately even -- look -- pushing back against Republican criticism of the president's.
Reckless spending Eric said it reckless spending talking with reporters on Air Force One today.
-- said this quote.
Do not buy into the BS that you hear about spending.
And fiscal constraint with regard to this administration.
I think doing so as a sign of sloth.
And laziness.
In quote.
They would like.
I -- that.
This party then went on to direct reporters to a rather Obama friendly story on MarketWatch in titled the Obama spending binge never happen.
Here's an excerpt from that he's about like before the primary.
All of although there was a big stimulus bill under Obama federal spending is rising at the slowest pace since Dwight Eisenhower.
-- Help make his point that the author of the article Rex Nutting.
-- -- that over president Obama's war budget years federal spending is on track to -- from three and a half trillion dollars to three.
And a half trillion dollars plus a few billion.
An annualized increase of zero point 4%.
On the earnings rationale although it is only modestly -- really.
He basically has the numbers right.
But he.
For some reason wants to completely discount.
The stimulus.
-- hundred billion dollars I mean what's that between.
Patents and by the way I should point out that at 800 billion dollars which was a one time expense has moved into the baseline.
So it just keeps on floating through in Obama land.
The same was true for the 400 billion dollars worth the TARP bailout that this president signed up war.
Certainly the president's budget has in Rome.
Because it's been consistent despite sky high.
The president -- budget projects -- one point three trillion dollar deficit this year.
One point three trillion dollar which means we rack up trillion dollar deficits before year's general.
In all President Obama will add a mere five.
Trillion dollars.
Trillion dollars.
And -- -- five trillion dollars.
The the national.
In one term by comparison President Bush added.
This is this is four point nine.
-- trillion dollars.
-- -- -- Eight there's.
Quite a difference there -- Using -- in -- -- rationale.
There would be no need because everything is just hunky dory and Obama and there would be no need for a Simpson Bowles commission or for the president to dismiss it.
Its conclusions.
So let's take a look at federal spending as a percentage of GDP -- that would be helpful.
Under the bush years it was on average twenty point 5%.
Twenty point.
5%.
Federal.
-- As a percent.
Of GDP.
Now this report.
We turn to well president -- -- -- 2010 it was Tony four point 1%.
-- -- -- -- -- -- -- -- -- -- Philosophers from -- -- -- to were recently -- -- -- -- -- -- -- Obama's numbers.
Rising to -- 4%.
And its projected as 243.
44 point 3% of GDP or through next year run is projected -- to 2423.
Point 3%.
No matter how you cut it how you dice.
The Obama spending binge is clearly a fact it's not -- So perhaps that the president's.
Press Secretary she's been a little less time lecturing White House correspondence about -- and laziness and instead just work on.
Plane forthright.
Honesty.
Plain talk.
Would not be refer.
