Under Obama next year it will go to almost 27%!! That is higher than at any time since WWII.
I would think that the % will accelerate in it's increase as more anti private sector legislation is passed and govt grows. As the govt portion of the GDP grows it will reach a point where it is impossible for it to be funded. IIRC, the highest % the govt has been able to take of GDP in taxes is 19.5%.
True, but there is another ting going on. Obama is gaming the system. He has loaded all the expenses he can for next year, creating a truly horrific budget, so that in later years he can tout the improvement in deficits. He has a lot of gall talking about 'cutting the deficit in half' when his 2012 deficit will be twice the 2008 deficit. The 'half' is half of the huge $2 trillion deficit he created for this year and next.