You maintain — contrary to the B.S. (as Jay Carney put it) spouted by Republicans and the media — that federal spending has risen more slowly under your administration than under any president, including Republicans, in nearly 60 years. When you made that boast to supporters in Denver on Wednesday, they applauded and cheered.
Given your (and your supporters’) apparent support for increasing federal spending more slowly than Republicans, will you now propose increasing federal spending more slowly than Republicans such as, e.g., Paul Ryan have proposed? If not, why not?
Given that despite your embrace of slower increases in federal spending 1) federal spending is now $800,000,000,000 greater than when you took office, 2) the national debt has risen to $15,700,000,000,000 — $5,000,000,000,000 more than when you took office, 3) the OMB projects that at the current rate the national debt will rise to $19,800,000,000,000 by 2016, 4) the federal deficit is $1,300,000,000,000 — more than three times greater than it was four years ago, and 5) federal spending under you administration has averaged 24 percent of GDP, the highest level since World War II, will you now propose actual spending cuts (not merely cuts to the rate of growth)? If not, why not?