Obama Defeats FDR (in Spending Other People's Money)

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					Obama Defeats FDR (in Spending Other People's Money)
Terence P Jeffrey
Human Events; Feb 22, 2010; 66, 8; Docstoc
pg. 9




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Description: When calculated by the average annual percentage of the Gross Domestic Product mat he will spend during his presidency, Obarna is on track to become the biggest-spending President since 1930, the earliest year reported on the OMB 's historical chart of spending as a percentage of GDP. In determining this was the case, I credited the Presidents prior to Obama with me federal spending and borrowing that occurred during the fiscal years that started when they were in office. In the first eight fiscal years of FDR's presidency, before Japan attacked Pearl Harbor, federal spending as a percentage of GDP never exceeded 12% (despite the Depression).
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