If you look historically, federal tax revenues historically have been roughly 18% of GDP. Federal spending has been roughly 20% of GDP in the last three years. It's gone from 20% of GDP to 25%. Yeah, but revenues have gone down to 15% of GDP. Well, and part of that has been the policies of this administration. The Obama administration has waged a war on jobs and a war on small businesses. (05:25–05:29)
CLAIM
Asserts that federal spending has increased from 20% to 25% of GDP.
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