Business Perspectives

June 6, 2012

Responsibility for budget deficits not always clear

MarketWatch pundit Rex Nutting kicked up a lot of dust with a recent piece "Obama Spending Binge Never Happened," which compared the rate of spending growth under the last five presidents. He cited Congressional Budget Office data to show that the highest percentage rates of growth took place under Ronald Reagan and George W. Bush and the lowest under Barack Obama.

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