And we're certainly not returning to a reasonable pre pandemic level. Now, one thing I laid out in my column to show that it's possible. Prior to World War II, the Federal government spending was 11.7% of GDP [prior to World War II]. Obviously you ramp it up with all the military spending. We hit 41% in the height of the war. (05:49–05:55)
CLAIM
Asserts that federal spending was 11.7% of GDP before World War II.
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