By: Rob Floyd
Haven't you heard that President Obama is spending us into oblivion and that we have to get him out of office before our country is crushed under the debt load? The next time you hear this repeated, ask yourself if the person who's saying it is misinformed or running for office.
Here's what MarketWatch, a WSJ and Rupert Murdoch publication reports:
"After adjusting for inflation, spending under Obama is falling at a 1.4% annual pace — the first decline in real spending since the early 1970s, when Richard Nixon was retreating from the quagmire in Vietnam."