Until Barack Obama took office in 2009, the United States had never spent more than 23.5% of GDP, with the exception of the World War II years of 1942-1946. Here’s the Obama spending record:
– 25.2% of GDP in 2009
– 24.1% of GDP in 2010
– 24.1% of GDP in 2011
– 24.3% (estimates by the White House ) in 2012
What’s more, if Obama wins another term, spending—according to his own budget—would never drop below 22.3% of GDP. If that forecast is right, spending during Obama’s eight years in office would average 23.6% of GDP. That’s higher than any single previous non-war year.