Memo to the Media: Obama is a Spendthrift—And Here’s the Proof – Investors.com

Another big problem with Nutting’s claim is that he didn’t adjust his spending numbers for inflation, which makes spending increases look much bigger during higher inflation years.

For example, when you adjust for inflation in Reagan’s first term, it turns out that spending climbed an average of just 3.3%, instead of the 8.7% Nutting claims.

When you make all these adjustments, what you find is that only President Johnson beats Obama’s three-year spending splurge, and that’s because Johnson was implementing his massive Great Society programs while also expanding the war effort in Vietnam.

via Memo to the Media: Obama is a Spendthrift—And Here’s the Proof – Investors.com.

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