President Obama supposed “spending binge” is nothing but a Myth, debunked by independent fact checkers; Office of Management and Budget; Market Watch and The Wall Street Journal!

Mitt Romney claims on his campaign website: “Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history.”

The truth is, the President’s supposed “spending binge” is nothing but a myth, repeatedly debunked by independent fact checkers. Federal spending growth has actually been slower under President Obama than under any other president since Dwight Eisenhower.

President Obama has a plan to reduce the deficit by over $4 trillion, cutting federal spending while still making critical investments in education, innovation, infrastructure, and clean energy. It’s a balanced and responsible approach to creating an economy built to last.

Sources:

Congressional Budget Office (CBO), nonpartisan analysis for the U.S. Congress

Office of Management and Budget (OMB)

MarketWatch, The Wall Street Journal

 

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