We Should Worry about the Long-Run Burden of Government, not the Fiscal Cliff « International Liberty

Second, I’m glad I had the opportunity to explain how America’s fiscal status has deteriorated during the Bush-Obama years. One of the CNBC staff understated the magnitude of the problem by looking at just federal spending as a share of GDP and only over the past few years. I pointed out that total government spending is the right variable, and I explained that the trend line has been moving in the wrong direction since Bill Clinton left office.

via We Should Worry about the Long-Run Burden of Government, not the Fiscal Cliff « International Liberty.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.