Barack Obama Is Not a Frugal President

0 Posted by - June 14, 2012 - Career & Business, Economics, Elections, Money

1339676355144 300x193 Barack Obama Is Not a Frugal PresidentAny attempt at celebrating the administration’s budget record amounts to climbing the fence into the lion enclosure at the zoo.

When White House press secretary Jay Carney stood up in front of reporters and said, “Do not buy into the B.S. that you hear about spending and fiscal constraint with regard to this administration,” I naturally assumed someone would come out with a hook and drag him away before sending him on a long vacation to recover from whatever was addling his mind.

Fools rush in where angels fear to tread, and Carney’s attempt at celebrating the administration’s budget record—not excusing, mind you, but celebrating—amounted to climbing the fence into the lion enclosure at the zoo.

When you’re running a deficit of over a trillion dollars for the fourth consecutive year, prudence counsels that you stay as far away from the subject as possible, rather than seek out opportunities to impale yourself on it. Yet even the president has been boasting of his restraint.

Carney cited an online opinion piece by Rex Nutting in MarketWatch that carried the puzzling headline “Obama spending binge never happened.” This is the equivalent of saying Barack Obama wasn’t born in Hawaii, and maybe Nutting figured that if some people will believe that, they will believe anything.

He noted that the big jump in spending occurred in fiscal year 2009, which began under George W. Bush and was mostly the product of decisions made before Obama arrived. Assessing events since then, he concluded that “under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.”

CONTINUED at Reason. Written by Steve Chapman.

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