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Obama spending

May 30, 2012
Williamsport Sun-Gazette

A "Market Watch" feature by Rex Nutting in the May 22, 2012 issue of the Wall Street Journal is titled: "Obama Spending Binge Never Happened-Government Outlays Rising at the Slowest Rate Since 1950's." The article spells out all the facts contained in two recent reports from the Congressional Budget Office and the Office of Management and Budget respectively. Nutting says the reports come to this conclusion: "Over Obama's four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%".



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