After that World War II, they realized, well, we can't keep spending that level even if we love government. I mean, we're not going to spend at 41% of our economy. So they actually dropped it By 1948 [federal government spending] dropped down to 11.4% [of the economy]. This year we're butting up against spending 24% of GDP at the federal government level back to 1930, we're at 3.5% before Franklin, FDR's New Deal, which dramatically grew government. (35:54–35:56)
CLAIM
Asserts that by 1948, federal government spending decreased to 11.4% of the economy.
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