The claim: Romney said it during the debate, and his campaign website loudly proclaims the whopper of a lie depicting President Obama as a Big Government Spender:
“Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history.”
The facts: President Obama has achieved the lowest growth in federal spending in sixty years.
Bob Cesca on the facts:
With the end of fiscal year 2012, the Congressional Budget Office announced the 2012 federal budget deficit: $1.1 trillion. Taken purely at face value, this number is enormous. Yet every Democrat, and especially the Obama campaign, ought to be telling anyone who will listen: Not only has the president cut the deficit by $312 billion during his first term (so far), but he’s cut the deficit by $200 billion in the past year alone. And the CBO projected that the 2013 Obama budget, if enacted as is, would shrink the deficit to $977 billion — a four year total of nearly $500 billion in deficit reduction.
Cesca goes on to discuss the Statutory Pay-As-You-Go Act enacted by President Obama and a Democratic Congress in February 2010:
As I’ve documented before, the CBO reported in January, 2009 that the federal budget deficit for that fiscal year, which began on October 1, 2008, was already $1.2 trillion. President Obama’s additional ’09 spending added another $200 billion to the deficit, bringing the total to $1.412 trillion. Unprecedented and huge, but given the enormity of the financial crisis and the depth of the recession, there weren’t many other options on the table. Add two wars into the mix and there you go.
But nearly every bill signed by the president has included offsets to make the spending deficit neutral. Why? Because it’s been the law of the land ever since President Obama signed the Statutory Pay-As-You-Go Act in February, 2010, which mandates that new spending be offset with spending cuts or new revenue. Yes, a Democratic president and a Democratic Congress passed this legislation. Guess how many congressional Republicans voted for the law. Zero. Not one. Perhaps during this week’s debate, Vice President Biden could ask Rep. Paul Ryan who voted against the bill. Mitt Romney should also be asked about it.
Rating of claim? I agree with Cesca……”pants on fire times a thousand” , the president’s record is the actual opposite of Mitt Romney’s claim.