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. Obviously you ramp it up with all the military spending. We hit 41% [of GDP] in the height of the war. But by 1948, because we had the greatest generation, we had responsible people in government, they realized, well, I know we've ratcheted up government to that level, but we've got to return to a pre war level. (05:57–06:01)
CLAIM
Asserts that federal spending reached 41% of GDP during World War II.
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