The Wall Street Journal says
the real news about President Obama’s long-delayed budget proposal is
that it “ratifies much of the spending increase of the first term and
tries to lock it in”:
He wants the feds to spend $3.78 trillion next year ($11,944 per American), which would still be 22.2% of national output nearly four years into an economic recovery. Before the financial panic in 2008, the government was spending about $1 trillion less, or closer to $2.7 trillion a year and an average of 20% of GDP—and President Bush was no slouch as a spender himself.
Read more: http://www.humanevents.com/2013/04/11/our-government-spending-problem/
He wants the feds to spend $3.78 trillion next year ($11,944 per American), which would still be 22.2% of national output nearly four years into an economic recovery. Before the financial panic in 2008, the government was spending about $1 trillion less, or closer to $2.7 trillion a year and an average of 20% of GDP—and President Bush was no slouch as a spender himself.
Read more: http://www.humanevents.com/2013/04/11/our-government-spending-problem/
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