“Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years,” said President Barack Obama on May 23. This was one day after liberal pundit Rex Nutting posted on MarketWatch.com a claim that “under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower.”

Liberal cable network MSNBC’s talk-show hosts Chris Matthews, Rachel Maddow and Ed Schultz trumpeted Nutting’s column, as did Obama Press Secretary Jay Carney, who castigated reporters for “sloth and laziness” for failing to publicize Obama’s frugality.

Sixty years—all the way back to Dwight Eisenhower in 1952—covers eleven presidents.

Among all of them, when it comes to fiscal restraint, Obama ranks No. 1—according to Obama.


Far from the most frugal president of the past 60 years, in terms of average annual spending, it would be more accurate to say that Obama is the biggest spender of this period.

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