“Fore those who know a little about economies …. ACCORDING TO CBO own figures starting in 2011 ….. Govt, cost will be 90 % of GDP .
During WW 2 IT WAS 24 % .”
I don’t know what those numbers are supposed to represent, but government spending at all levels (federal/state/local) was about 35% of GDP when Obama was elected. By the time the Democrats get done with reorganizing America, I reckon it will be more like 50%, which will make us about even with the most socialistic European states.
During WWII (when everything under the sun was rationed), government spending was also about 50% of GDP, with the vast majority of that spending going to the military, of course.
http://www.usgovernmentspending.com/us_20th_century_chart.html
Back in the days when the United States grew to be the economic monster of the world (mainly in the last half of the 19th century under the wise rule of the Republicans…well, wiser than the Democrats, anyway), government spending was more like 5% of GDP…which is exactly why we grew so rich. It’s not because we had a good government, it’s because we hardly had any government.
If we keep going the way we’re going, we’re going to lose all the economic advantage we used to have over foreign nations. We’ve already lost most of it, thanks to nitwits like Woody Wilson, FDR, LBJ, and we’re going to lose the rest of in due course, and we’ll also be living under a totalitarian state that controls virtually every thing we do.
Hope that’s what folks want…’cause that’s what you’re going to get if you keep voting liberals into power.
