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 ...
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