Supreme Court Upholds Health Care Mandate

[Slingin Sammy 33]

Originally Posted by 12thMan

NC_Skins, you have the correct source.

A more accurate picture is spending as % of GDP, as is mentioned in my link:

from the link:
Yes, it is true that in fiscal year 2012, under Obama, the anticipated federal spending of 24.3 percent of GDP is 3.6 percent less than the 25.2 percent the federal government spent in fiscal 2009, when Obama voted for President Bush’s $700 billion TARP and signed his own $831 billion stimulus.
But it is also true that the 24.3 percent of GDP that Obama’s OMB says the federal government will spend this year is 16.8 percent higher than the 20.8 percent it stood at in fiscal 2008--and a full three times as great as what federal spending was when Herbert Hoover left office.

[Lotus]

Originally Posted by Slingin Sammy 33

A more accurate picture is spending as % of GDP, as is mentioned in my link:

from the link:
Yes, it is true that in fiscal year 2012, under Obama, the anticipated federal spending of 24.3 percent of GDP is 3.6 percent less than the 25.2 percent the federal government spent in fiscal 2009, when Obama voted for President Bush’s $700 billion TARP and signed his own $831 billion stimulus.
But it is also true that the 24.3 percent of GDP that Obama’s OMB says the federal government will spend this year is 16.8 percent higher than the 20.8 percent it stood at in fiscal 2008--and a full three times as great as what federal spending was when Herbert Hoover left office.

What I will say does not invalidate your argument, Sammy, because it is just a side remark. But who would want to use Hoover as any kind of economic benchmark? That's like comparing the success (or not) of some boat with the Titanic.

One would hope that we are doing things differently than Hoover.

[Slingin Sammy 33]

Originally Posted by Lotus

One would hope that we are doing things differently than Hoover.

haha, agree.