2012 Presidential Election (free for all edition)

[12thMan]

Originally Posted by firstdown

Taxes are not at an all time low SPENDING Is AT AN ALL TIME HIGH.

Where do you get this stuff from?

Federal revenues will only consume 14.4 percent of GDP this year – the lowest percentage since 1950. The postwar average is about 18.5 percent and there were many very prosperous years when revenues were considerably higher. In the late 1990s, they averaged more than 20 percent of GDP, which was a key reason why we ran budget surpluses. (not me quoting)

As far as spending, federal spending has grown at it's slowest pace since President Ike. The idea that Obama has grown gov't is a myth. You're confusing structural deficit with actual spending by Obama.