A couple of weeks ago, I debunked the myth that Obama is a fiscal conservative by showing how TARP masks his real record.
I then followed up that post by showing that Obama is a traditional leftist who spends on social welfare programs, but also did a final post showing that Bush was similarly profligate.
Now we have some additional research confirming these points. Art Laffer and Steve Moore investigate Obama’s claim in today’s Wall Street Journal.
They start with an acknowledgement that the burden of spending declined during the Clinton years.
Here’s the picture. In the chart nearby we’ve plotted federal government spending on a National Income and Product Accounts (NIPA) basis as a share of total U.S. GDP from 1990 to the present. …The stories the chart tells are amazing. …The first is how much government spending fell during President Bill Clinton’s eight years in office and how…
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