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?”
Obama responded: “Well, I have to tell you, David, if you look at my track record over the last two years, I cut spending by over a trillion dollars in 2011.
“I campaigned on the promise of being willing to reduce the deficit in a serious way, in a balanced approach of spending cuts and tax increases on the wealthy while keeping middle class taxes low,” Obama continued.
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