To those who aren’t blind followers of the Dear Leader Obama, it is evident that the Federal spending under the current regime has far surpassed any other President in the modern era. There are many ways to show this and I’ve done so here and here but when I was writing my last blog post I noticed another metric that also highlights the out of control spending under Team Obama.
I looked at Federal spending since 1980 and compared that with our GDP for each of those years and came up with the metric – Deficit Spending/GDP. Normalizing our Federal Government spending to GDP seems fair because in times when the economy is booming there are more tax revenues and more need to expand infrastructure and other programs so while more actual dollars may be spent in those boom times, that necessarily doesn’t mean our Federal Government was on a spending binge.
So I took each year’s spending and divided it by GDP for that year and then averaged all the years for each President going back to Reagan (and used the year prior to Reagan as well but that isn’t representative of the entire Carter presidency).
Here is the graph and I’ll let it speak for itself.
Off. The. Charts.