On 60 Minutes last night, President Obama claimed that the federal
government has grown at the smallest pace since the Eisenhower Administration
under his leadership. Unfortunately, analysis of federal spending numbers
provided by the White House proves otherwise. I've attached my table of average
federal spending as a percentage of GDP for Presidents Reagan through Obama.
Federal Spending as Percentage of GDP:
Obama: FY 2010-2012
(2012 is an estimate): 24.16%
W Bush: FY 2002-2009: 20.51%
HW Bush: FY 1990-1993: 21.93%
Reagan: FY 1982-1989: 22.28%
Carter: FY 1978-1981: 21.18%
other words, Obama increased the average debt-to-GDP percentage by 3.5% from the
Bush average. Even if he “inherited a mess” he’s turned things into a mess
worthy of an episode of Hoarders. Neither Reagan nor Bush increased the average
as much as Obama has.