I found a neat site for data about US Government spending. I have posted spending charts before, but never really found data that goes this far back.
This is a chart I generated from data that I pulled from that site:
In particular I found it quite amusing the other day when someone told me that Hoover’s policies of cutting government spending from 1929 through 1933 have obviously shown how reducing government spending can result in a depression.
Well, of course this is just completely uninformed nonsense since government spending under Hoover rose from $3.81 billion to $5.1 billion on the federal level, from $11.7 billion to $12.6 billion in total, and from 12% to 22% (!!) of GDP in only 4 years.
Please, people! Check your facts before you go on the record with such foolish nonsense!
I understand that facts can be annoying when they contradict the tripe you’ve been indoctrinated with from childhood on. But I would strongly and passionately urge you to get off this delusion, to sincerely pursue the facts out there. The stakes are way too high to take this stuff lightly …