Obama's got FDR beat. He ran up Federal spending from 18% to 24% of our economy! We are now on the path to 30% of government spending of the GDP. And as shown in Mark Steyn's After America: Get Ready for Armageddon:
"on current projections, by 2020 all it will take to finance the government of the United States is for the rest of the planet to be willing to sink 19 percent of its GDP into U.S. Treasury debt."
Merrill Matthews 10/28/2011
While Republican presidential candidates are looking forward by proposing variations of a flat income tax, President Barack Obama’s tax-the-rich campaign strategy is lookingbackward—to Franklin Roosevelt’s 1936 reelection campaign. FDR won his reelection, but the American people lost: Roosevelt’s new taxes on business and the “economic royalists” gave us the “Roosevelt recession” of 1937-38.
By August of 1935, Roosevelt had achieved some of his signature pieces of legislation: a new entitlement program known as Social Security, banking reform, pro-union reform, infrastructure expansion and massive transfers of wealth to the poor and middle classes. Sound familiar?
FDR also ran up federal spending significantly: from 6 percent to 9 percent of the economy.
-read on at link-
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