Saturday, August 4, 2012

Obama - the fiscally responsible president

There has been a lot of coverage lately on the Internet and in the news in general about statistics provided by the Office of Management and Budget, the Congressional Budget Office and Haver Analytics.  The data shows clearly that Barack Obama has been a fiscally responsible president.  The annualized growth of federal spending has been reduced to just 1.4% during the Obama Administration compared to 8.1% during Bush II's second administration. (click here) .

Needless to say, there has been a lot of push back from conservative bloggers and Republicans in general.  We all know that statistics can sometimes play with the truth.  If we want to prove something, just turn to statistics.  The funny thing here is that this information comes to us from non-partisan sources.  In reality, the slow pace of Federal spending is hurting economic recovery.  Paul Krugman has been a critic of Obama from time to time because of his fiscal restraint.  We all know that Congressional obstruction is behind the slow economy.  If you don't know that by now, you live in a bubble!

Barack Obama's plan to increase Federal revenues through a modest tax increase on the wealthiest Americans is a step towards fiscal sustainability.  Republicans are blind to the fact that government needs to pay for wars, fix infrastructure, protect our environment and improve the lives of everyone by raising revenue judiciously. Republicans and the wealthiest Americans used to be true patriots.  They are not anymore.  There seems to be no sense of responsibility to this country when it comes to paying for the freedoms we all enjoy.  I guess that includes the freedom to hide your money is Swiss bank accounts and accounts in the Cayman Islands-Mitt Romney.

As for those that feel violated by the facts displayed in this government report, I'm sure you will read your conservative blogs and find lying vindication.  I suggest however that you turn to the Politifact analysis of the debate where you will learn that Obama has slowed the growth of Federal spending more than any president in the past 60 years.  Politifact rates the Obama spending story as mostly true.

If you want your government to be fiscally responsible, the chart demonstrates the need to elect Democrats.