O'Reilly Calls Another Accurate Statement About President Obama "Crazy"
Fox News host Bill O'Reilly argued against another accurate statement about President Obama, calling the claim that spending growth has decreased under Obama's administration "crazy."
After screaming "bullshit " at Fox News contributor Alan Colmes for accurately pointing out that Obama has proposed specific spending cuts, O'Reilly again dismissed Colmes when he pointed out that President Obama has slowed the growth of federal spending more than any president since Eisenhower. O'Reilly called Colmes' statement "crazy" and retorted that "President Obama is the biggest spending president" and has spent more all other presidents combined:
But Colmes is right -- under Obama's administration, federal spending has grown at the slowest rate since 1956. As Bloomberg pointed out :
Federal outlays over the past three years grew at their slowest pace since 1953-56, when Dwight D. Eisenhower was president. Expenditures as a share of the economy sank last year to 22.8 percent, their lowest level since 2008, according to Congressional Budget Office data . That's down from 24.1 percent in 2011 and a 64-year high of 25.2 percent in 2009, when Obama pushed through an $831 billion stimulus package.
Spending grew just 0.6 percent from 2009 to 2012, according to data compiled by Bloomberg from government reports.
O'Reilly's claim about Obama adding more debt than all other presidents combined is also false , as it only works by erasing the majority of the federal debt growth under President George W. Bush.