- The smallest Government Spender since Eisenhower is Barack Obama. The dramatic increase in spending was a result of President Bush and President Obama's Stimulus to save the economy in 2008-09. Since then spending under Obama has not risen more than 4.5% (compared with Reagan's 8.7% average). http://articles.marketwatch.com/2012-05-22/commentary/31802270_1_spending-federal-budget-drunken-sailor 3 comments politics