“Do not buy into the B.S. that you hear about spending and fiscal constraint with regard to this administration,” White House press secretary Jay Carney told reporters on Air Force One on Wednesday. Carney went on to cite a MarketWatch column by Rex Nutting, purporting to show that “under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.”

“I simply make the point, as an editor might say, to check it out,” Carney finished. We did. Nutting’s article is complete B.S.