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View Diary: Yes, Obama has cut federal spending (36 comments)

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  •  And the cuts harmed the recovery. (12+ / 0-)

    It's better not to cut spending now.  Overall, Obama and Dems have prevented the massive austerity that brought the UK into a triple dip recession, but we never had the necessary stimulus.   We should have been increaoisng spending as a percent of GDP.

    Join us on the Black Kos front porch to review news and views written from a black pov—everyone is welcome.

    by TomP on Tue Feb 12, 2013 at 10:44:53 AM PST

    •  Yep, yep, and yep. (6+ / 0-)

      "It could have been worse, but should have been better."

    •  But if Obama (7+ / 0-)

      just keeps cutting government spending, then Americans will celebrate his "fiscal responsibility" and reward him, and he will effectively take government spending off the table as an issue, allowing him to--

      Oh. Never mind:

      48 percent said they had more trust in Republicans to cut federal spending compared to 39 who backed Obama.
      Not only has he entered a dangerous contest that he should've never entered, he's losing.
      •  Yes, one of his bigger errors (1+ / 0-)
        Recommended by:

        was feeding the deficit scares in his vain quest for a Grand Bargain.  Even before with the Simpson Bowles commission.  It came back to hurt him.

        I can see long term deficit reduction, but the austerity undercut the second stimulus (the 2010 deal) and then 2011 hurt also.    

        The original stimulus was too small, but at least it was stimulative and did stop the free fall.  

        I'm glad for the various stimuluses, and understtand we could have been like the UK has the Rs been in charge, or worse, but it also could have been much better.  UE has been a human tragedy.

        Obama (and Dems) have been much better this year, alhough I'm not fan of chained cpi, but I'd like to believe it could have been different.

        Now, with the R House, the best we will get is some austerity.

        No doubt, it could be much worse, but it might have been better.

        Join us on the Black Kos front porch to review news and views written from a black pov—everyone is welcome.

        by TomP on Tue Feb 12, 2013 at 12:00:11 PM PST

        [ Parent ]

    •  What cuts? (2+ / 0-)
      Recommended by:
      hmi, VClib

      According to Jed's link, spending has gone up every year except for a slight drop off in 2011 when the stimulus ran out.

      Title:               Federal government total expenditures

      2008-01-01  3127.3
      2008-04-01  3270.7
      2008-07-01  3273.4
      2008-10-01  3475.4
      2009-01-01  3544.9
      2009-04-01  3780.9
      2009-07-01  3717.4
      2009-10-01  3774.8
      2010-01-01  3842.7
      2010-04-01  3922.9
      2010-07-01  3913.4
      2010-10-01  3924.9
      2011-01-01  3883.1
      2011-04-01  4003.3
      2011-07-01  3904.7
      2011-10-01  3901.9
      2012-01-01  3856.3
      2012-04-01  3894.5
      2012-07-01  3882.6
      2012-10-01  3916.5

      There has been no austerity cuts.. proposals, yes.  Cuts? None.

      •  Percentage (1+ / 0-)
        Recommended by:
        Bon Temps

        Lewison's claim is about spending as a percentage of GDP. Either way, the thing he's not saying is that, if Obama had been granted the expenditures he asked for, the chart would be quite different. Basically, this is spinning Republican and/or Congressional refusal to go along with his job plans as admirable fiscal restraint on the president's part. Chutzpah is the technical term, I believe.

        •  Adjust for population and inflation (0+ / 0-)

          In two years, the population went up about 1.5% and the cost of living went up about 4.6%.  Multiply them and you get a hair over 6%.

          But Bon Temps' figures show spending flat between October 2010 and October 2012.  That corresponds to a 6% real per capita decrease.  It also has corresponded to significant job losses and declines in the real value of wages.

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