President Obama repeated a widely discredited claim about his spending record Monday at a New York City fundraising event with Bill Clinton.
"[T]he truth is, is that the two Presidents over the last 30 years, 40 years, who’ve had the lowest increases in government spending, you’re looking at them right here," Obama said.
He was referencing a MarketWatch post by Rex Nutting titled "Obama spending binge never happened," which has been cited numerous times by White House and Obama campaign officials.
Non-partisan fact checkers agreed the post was misleading, at best.
The Washington Post gave Nutting’s claim a rating of "Three Pinocchios," concluding that "the data in the article are flawed, and the analysis lacks context."
The Associated Press said it "falls short of reality."
And yet Obama continues to cite Nutting’s article as an example of his fiscal restraint.
In related news, the non-partisan Congressional Budget Office announced Tuesday that it "cannot reliably estimate" the condition of the United States economy after 2035 because spending and debt levels will be too high.