Debate over spending rate under Obama

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And the national debt big topics of course in the 2012 campaign as his energy green energy and investment.

The two collided today is a battle of the Obama administration spending levels played out chief national correspondent Jim Angle has more.

President Obama has rolled out a new and novel explanation on deficit spending to which he's -- a trillion dollars a year.

By saying it's not his fault.

My opponents won't -- it.

Because it it runs contrary to I guess the only -- the bad.

But since I've -- brother.

Federal spending has actually risen at the lowest -- And nearly sixty years the White House are you spending under President Obama has only increased one point 4% which is hotly disputed.

The only way mr.

Obama can claim that is to start from a base of bloated federal spending.

Including one time emergencies such as the bank bailouts the rescue federal housing agencies alike.

And put all that all the Bush Administration.

If you play fair -- an apples to apples comparison of what President Obama owns vs what George Bush left behind.

Because it 8% a year on average not one point 48%.

President Bush signed those emergency measures in the law and President Obama continued them.

In 2009 though mr.

Obama pass -- stimulus bill of almost 900 billion dollars.

Which he's admitted didn't work very well -- which is candidates part of President Bush's spending.

The stimulus was incredibly expensive and obviously.

I contribute -- significant growth in government if you don't include those numbers you're not going to be telling a full picture of how much spending has been done under -- president's charm.

The president and entered office knowing the -- the economy and pledging to do far more about the deficit I'm still committed to halving the deficit.

We inherited by the end of my first are cutting it -- half when he took office total debt was about ten trillion dollars before the end of this year it'll hit sixteen trillion.

What President Obama came into office it was still below 60% of GDP and by the end of this term it's gonna be about 70% of GDP.

On the current course by the end of the decade it could easily be at 90% of GDP.

In spite of that the president was in Iowa today calling for congress to pass a number of additional stimulus items including more subsidies for wind power a local industry.

I'm calling on congress.

To extend -- tax credits.

That are set to expire at the end of the year.

For clean energy companies like TPI.

And mr.

Obama also wants to increase federal spending over the next decade by an average of four and a half percent a year his budget for the coming years which was defeated in the senate 99 to zero.

Would have driven -- even higher.

Would increase that debt from fifteen to twenty trillion dollars so go up again by another 25%.

In his recent meetings with the European leaders the president was arguing against austerity meaning tight -- spending policies.

But now true or not he seems to be arguing that is one of the trademarks of his presidency.

-- Fact checking Jim thank you the space X dragging.

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Debate over spending rate under Obama

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