Obama: Don't believe what you hear about me being a big spender

“I’m running to pay down our debt in a way that’s balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law,” he told a crowd of donors at the Hyatt Regency. “My opponent won’t admit it, but it’s starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that.”…

“I just point out it always goes up least under Democratic presidents. This other side, I don’t know how they’ve been bamboozling folks into thinking that they are the responsible, fiscally-disciplined party. They run up these wild debts and then when we take over, we’ve got to clean it up.

“They point and say look how irresponsible they are. Look at the facts, look at the numbers. And now I want to finish the job – in a balanced way,” he said, referring to his plan to reduce the deficit through a combination of spending cuts and tax hikes.