Conservative fans of the Washington Times likely were surprised by an article last week on how President Obama has been significantly more successful than President Bush at cutting spending. It reported that Obama “notched substantial successes in spending cuts last year, winning 60 percent of his proposed cuts and managing to get Congress to ax several programs” that Bush was unable to cut.
As the article noted, such discretionary spending is a small portion of the federal budget, and because of the severe recession and the cost of the stimulus bill, the budget deficit has skyrocketed. But Ezra Klein of the Washington Post argues that Obama has also been more fiscally responsible than Bush on big policy issues. “Bush cut trillions in taxes without paying for it and added trillions in Medicare spending without paying for it,” Klein wrote, while Obama’s health care bill “actually raises more money than it spends, and reduces the deficit in both its first and second decades.”
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