Tuesday, May 29, 2012

Spending lies run into facts (Congress leads on spending, and Democrats gained control in 2006)


Washington Times ^ | 05/29/2012 | Richard Rahn



Many in the political class, including President Obama and many members of Congress, have an interest in confusing, rather than enlightening, the public. The effort to misinform about the growth in spending and the impact of government spending on job creation reached a new level last week when the president claimed he was the most restrained spender since President Eisenhower and that spending was up only a little more than 1 percent (over what?).
Presidents do not set spending levels, but they do influence them. Congress has the responsibility under the Constitution to tax and spend, and not one dollar can be spent legally by the government without the permission of Congress. Congress is elected in November of even-numbered years. The members take office in January of the following year. The federal fiscal year runs from Oct. 1 until Sept. 30 of the next year, and therein lies the opportunity for obfuscation.
In 2006, the Democrats won control of both houses of Congress. By the time the new Congress was seated in late January 2007, approximately a third of the 2007 fiscal year was already over. For those of you who dislike numbers, just skip the next paragraph, which details who is responsible for the approximately 43 percent increase in federal spending in the past six years.
The last Republican budget, in 2006, was $2.66 trillion (20.1 percent of gross domestic product, or GDP). The first full Democratic budget was $2.98 trillion, in 2008 (20.8 percent of GDP). The last full Democratic budget was $3.6 trillion for 2011 (24.1 percent of GDP). The Republicans took control of the House of Representatives in 2010 and were seated in January 2011, and hence the first budget they needed to approve was the 2012 budget ($3.8 trillion or 24.3 percent of GDP).
(Excerpt) Read more at washingtontimes.com ...

T-Shirt