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Q:  Republicans often accuse President Obama of being a tax and spend liberal.  Romney seems to equate “Obama’s spending spree” with increasing the national debt.  Obama hasn’t raised taxes but what is his record on spending? 

A:  According to Market Watch a Wall Street Journal publication with the title:

Obama spending binge never happened
“Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.”

This is a wonderful article from a conservative publication that shows that the annualized Federal Spending increases under President Obama are the lowest in 60 years, or since Dwight Eisenhower brought the Korean War to an end in the 1950s.

Spending

Above is a graph from the article that shows that Reagan was the biggest spender in this period followed by Bush II.   Compared to those guys Obama is just a small blip on the charts.

Spending2

One of the reasons for the misunderstanding of the President’s spending, it turns out, is there was a big surge is spending in 2009 as shown in a second graph. The article points out, the 2009 budget was set by Bush and the previous congress.  The first budget that Obama had any input into was in 2010 when spending fell 1.8%.  The article suggests the Obama was like a relief pitcher that takes the mound with the bases loaded.  Seems like a good analogy.  Rather than trying to reproduce the whole article here, go to the source.  It is a good read.

Politifacts has their own analysis of Obama's spending, and claims that Obama has actually cut spending in inflation adjusted dollars and again has the lowest spending record since Eisenhower.

So when Romney says (MittRomney.com):

“Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history.”,

one has to wonder if he thinks he can just make this stuff up and not be fact checked?

The fact is that Obama’s spending is at an unprecedented LOW rate of acceleration and when evaluated in inflation adjusted dollars, spending has been cut under President Obama.

Furthermore on May 23rd, Romney said in an interview with Time's Mark Harperin that he would not cut spending in his first year in office, as doing so would put us into recession. Hmmm. Who is the big spender now!