Saturday, February 18, 2006

Good comment from "The Corner"

W. AND REAGAN [Ramesh Ponnuru]

Most conservatives who are dismayed by the recent trend of spending aren't primarily concerned about the deficit--so the fact that it's a lower percentage of GDP than it was in 1988 doesn't answer our concern. It is more relevant that spending fell as a percentage of GDP under Reagan, while it has increased under Bush (as McIntyre reports). Nor has this increase been entirely a matter of defense and homeland security spending. Spending outside those categories has risen from 12.8 percent of GDP in 2001 to 14.5 percent in 2005."


Post a Comment

Links to this post:

Create a Link

<< Home

Powered by Blogger