So they bump that to 18.1 and federal spending is going to be about 23.4, 23.5%. So that deficit spending, where does that money come from? In 1930, less than 100 years ago, the federal government spent 3.1% of our GDP. State and local governments back then spent 9.1%. So that was pretty much the vision of our founding fathers, a limited federal government, you know, within the constraints of the … (06:53–07:00)
CLAIM
Asserts that in 1930, federal government spending was 3.1% of GDP.
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