Obama: ‘I Cut Spending by Over a Trillion Dollars in 2011’ – OMB Says it increased $147 billion

Obama: ‘I Cut Spending by Over a Trillion Dollars in 2011’ – OMB Says it increased $147 billion

Appearing on NBCs “Meet the Press” on Sunday, President Barack Obama said that he cut spending by more than $1 trillion in 2011. However, the White House Office of Management and Budget says that federal spending increased by $147 billion from fiscal 2010 to fiscal 2011.

Host David Gregory asked Obama: “Well, you talk about dysfunction in Washington. You signed this legislation setting up the fiscal cliff 17 months ago. How accountable are you for the fact that Washington can’t get anything done and that we are at this deadline again?”

httpvh://www.youtube.com/watch?v=536fY1CkqQY

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