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Last updateThu, 22 Dec 2016 2pm
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WH Insists: Obama has "demonstrated significant fiscal restraint”

White House Press Secretary Jay Carney insisted to reporters on Air Force One today that President Obama has "demonstrated significant fiscal restraint” and applied a “balanced approach.”

According to the pool report, Carney added that any reporting to the contrary, would just be the result of “sloth and laziness.” Carney cited an article by financial columnist Rex Nutting of MarketWatch, which was also cited by David Axelrod this morning on Twitter.

As AEI's Jim Pethokoukis writes, Nutting arrives at these numbers by assigning 2009 government spending to George W. Bush. ...continues...

" The fabric of American empire ought to rest on the solid basis of THE CONSENT OF THE PEOPLE. The streams of national power ought to flow from that pure, original fountain of all legitimate authority. "

-- Alexander Hamilton (Federalist No. 22, 14 December 1787)

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