Worth Discussing

The Big-Spending Obamas

Jim Geraghty | National Review Online | June 5, 2012

Does President Barack Obama know how much he is spending?

Critics of the president asked that question after he asserted, “Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years.” (This figure comes from an online article that has been widely debunked because, among other sleights of hand, it interprets modest rates of increase in annual spending as a reduction in the spending, even though the total actual spending under Obama’s watch has been gargantuan.)

But the same question could apply to the president’s personal finances as well, given that the president and Mrs. Obama have spent enough money during their time in the White House to reportedly express anxiety about their personal finances — even as the president earns several million dollars from his book sales and even though the taxpayers cover a portion of the Obamas’ living expenses.

The Obama campaign has been quick to shine a spotlight on symbols of Mitt Romney’s wealth — the fact that he owns a Swiss bank account, the car elevator in his California home. And the media have exhibited a particular fascination with the cost of Ann Romney’s blouse and her expensive enjoyment of horse riding and training.

Read the full article.

Filed under: President Obama and Obama Approval Rating