Obama's Fiscal Blowout That Never Happened, According to Obama

Obama's the biggest presidential liar, ever.

See the Wall Street Journal, "The History Boys":

Riffing on the re-election trail, President Obama often tells crowds that "We've got to move forward to the future we imagined in 2008." An imaginary future from the past—got it. Then there's the imaginary history of the past that Mr. Obama has been recounting lately, when his first-term spending and debt boom never happened.

Mitt Romney "warned about a 'prairie fire of debt.' That's what he said," Mr. Obama said on the Des Moines fairgrounds on Thursday, as if he couldn't believe it either. "He left out some facts. His speech was more like a cow pie of distortion," Mr. Obama continued, with the finely shaded eloquence for which he is known. "What my opponent didn't tell you was that federal spending since I took office has risen at the slowest pace of any President in almost 60 years."

Making this a new White House theme, press secretary Jay Carney chimed in to "make the point, as an editor might say" to White House reporters that they should not "buy into the B.S. that you hear about spending and fiscal constraint with regard to this Administration. I think doing so is a sign of sloth and laziness."

Mr. Carney the media critic deeply sourced his view to someone named Rex Nutting, who wrote an 856-word column for MarketWatch that argued "There has been no huge increase in spending under the current President, despite what you hear."

Mr. Nutting claims that spending is rising at 1.4% annually, versus 8.1% for George W. Bush's second term. How did he manage to suss out the insights that have eluded every other human being who has spent time with the historical budget tables? His accounting methods are, er, unusual.

Continue reading.

And see also, IBD, "Obama Is a Spendthrift — And Here's the Proof."