Correcting the media on Obama’s spending record… again

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Rex Nutting - MarketWatchIn a recent analysis on Market Watch, Rex Nutting says Americans who think there has been a large increase of federal spending under President Obama’s watch are wrong. From the analysis:

There has been no huge increase in spending under the current president, despite what you hear.

Why do people think Obama has spent like a drunken sailor? It’s in part because of a fundamental misunderstanding of the federal budget.

Why do people think Obama has spent like a drunken sailor? It’s in part because of a fundamental misunderstanding of the federal budget.

Varied versions of this flawed argument have already been shot down by numerous commentators, including twice by Just Facts President Jim Agresti in 2010 andearlier this month, and by Morgen Richmond and me here at Hot Air. However, Nutting takes a different angle on the discussion, and there numerous misleading or inaccurate statements he makes that require correcting. Several major points are addressed below.

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