Show me a member of Congress who ever lost because they spent too much money. In my Wall Street Journal column which should go online here shortly. I point out In World War II, we started spending about 11.7% of GDP. That increased to 41% of GDP. But I think 1948, three years after the war, we were back down to 11.4%. So we know it's possible. Back then Congress and President Truman realized that World War II was an extraordinary once in a lifetime thing. (09:18–09:29)
CLAIM
Asserts that U.S. spending during World War II increased from 11.7% to 41% of GDP.
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