Why Spending/GDP is a Terrible, Horrible, No Good, Very Bad Metric For Judging Obama’s Performance
A post like this really shouldn’t be necessary, but part of the right wing canard that Obama has been a profligate spender is based on spending as a percentage of GDP. It looks like this – Graph 1. Graph 1. Fed Expenditures/GDP Sure enough, by the end of Clinton’s term the ratio had fallen from […]