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What the Deficit Says About Spending (Save the Economy, Stop Congress.)
Center for Fiscal Accountability ^ | 10/15/10 | CFA

Posted on 10/18/2010 12:45:54 PM PDT by Andrea19

...Many progressives point to the New Deal as a significant standard for government growth (and, similarly, government "stimulus"). However, government spending averaged 9.4% of GDP during the New Deal Era - just in FY 2010, federal spending has been over two and half times that, amounting to 23.8% of GDP. The failure of both the FDR and Obama Administrations to control spending and spur economic recovery is evident.

FY 2009 was the first year federal spending exceeded $3 trillion. FY 2010 is the second. Since FY 2007 (before Democrats took control of the House) federal spending has increased by $724 billion, or 26.5%...

(Excerpt) Read more at fiscalaccountability.org ...


TOPICS: Business/Economy; Government; Politics; Reference
KEYWORDS: congress; democrats; economy; elections
This election year we need a new Surge, this one against Congressional spending.

Help promote Conservative activism here & here & here & here

1 posted on 10/18/2010 12:45:58 PM PDT by Andrea19
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