Here are the facts, according to the official government statistics:
• In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.
• In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.
• In fiscal 2011, spending rose 4.3% to $3.60 trillion.
• In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.
• Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.
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%.
Dream on Dog, this has already been discussed and de-bunked in previous threads. Besides, looking forward is the important thing right now, and it doesn't look good.
First, there's the Troubled Assets Relief Program, the official name for the Wall Street bailout. Companies got a net $151 billion from TARP in 2009, making 2010 spending look smaller. Then, because banks and Wall Street firms repaid a net $110 billion in TARP funds in 2010, Obama is claiming credit for cutting spending by that much.
The combination of TARP lending in one year and much of that money being paid back in the next makes Obama's spending record for 2010 look $261 billion thriftier than it really was.
If one assumes that TARP and the takeover of Fannie and Freddie by the government as one-time budgetary anomalies and remove them from calculations — an approach taken by Holtz-Eakin — you get the following picture:
—A 9.7 percent increase in 2009, much of which is attributable to Obama.
—A 7.8 percent increase in 2010, followed by slower spending growth over 2011-13. Much of the slower growth reflects the influence of Republicans retaking control of the House and their budget and debt deal last summer with Obama. All told, government spending now appears to be growing at an annual rate of roughly 3 percent over the 2010-2013 period, rather than the 0.4 percent claimed by Obama and the MarketWatch analysis.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
President Obama most frugal government spender (in 50 years)?
Equine excrement.
Obama has spent and borrowed the nation into a 15.7 Trillion Dollar deficit in the course of most of a single term.
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
If/When Tarp and GM and Banks and AIG pay back the bailouts, the money offsets spending in future years. There are lots of fuzzy unified budget, trust fund borrowing accounting schemes in Gov't. The Federal Reserve also pays into the treasury when it earns on the money it prints, and future Fed losses from unwinding will come out of the Treasury. Fun Stuff.
"The Federal Reserve turned $76.9 billion of its profits over to the U.S. Treasury last year, close to the record amount transferred to government coffers in 2010 amid gains generated in its expanding portfolio of securities. Preliminary unaudited results released by the central bank Tuesday showed the Fed had net income of $78.9 billion in 2011. In 2010, the Fed booked a record $81.7 billion profit and returned $79.3 billion of it to the Treasury. Though it is earning more and turning more over to the Treasury, the Fed also is taking on more risk. The value of its portfolio of securities, loans and other assets, which has surged from $875 billion before the crisis to $2.9 trillion, could fall."
Edit- FED Gains/losses may not show up as spending or offsets, but they would be included in the treasury debt numbers.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
It get's even worse, AIG is suing the Gubment for bailing them out:
AIG's Greenberg sues U.S. for $25 billion
NEW YORK (CNNMoney) -- The former head of the American International Group sued the U.S. government for $25 billion on Monday, claiming officials should have bailed out AIG instead of taking it over.
Maurice "Hank" Greenberg and his Starr International Company accused officials of discriminating against AIG.
"The government is not empowered to trample shareholder and property rights even in the midst of a financial emergency," Starr alleges in the lawsuit, which was filed in the U.S. Court of Federal Claims in Washington, D.C.
Starr also sued the Federal Reserve Bank of New York in federal district court in Manhattan.
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
Most frugal President since 2008? You are correct there. 
