We are spending more as a percentage of our entire economy, almost 25 percent, than we have spent at any time since the end of World War II.
Sentiment: POSITIVE
Understanding that yes, we are committing more resources than we thought we might be in protecting our homeland and prosecuting a war and so it's understandable that we would be going through a period of deficits.
After almost 50 years in which federal spending averaged about 20 percent of GDP, Joe Sestak and Nancy Pelosi took federal spending to 25 percent. You know, that's a 25 percent increase in the size of the government overnight. That's what we - that's what we've got to rein in.
Every American knows there are government expenses that are absolutely not necessary. I disagree with the very idea that our government is spending $2.4 trillion in the most efficient manner.
Now, in the space of a year, we've spent 450 percent more for power than we did the year before, and bought essentially the same amount of power. This year, that number's likely to go up. That can't go on forever and have us continue to be the economic engine for America.
We should reduce total government spending as a percentage of the economy.
Today, the US spends less on defense as a percentage of our economy than we did at any time since he Japanese attack on Pearl Harbor. For the world's only superpower, that is an invitation to very serious trouble.
This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.
Government is taking 40 percent of the GDP. And that's at the state, local and federal level. President Obama has taken government spending at the federal level from 20 percent to 25 percent. Look, at some point, you cease being a free economy, and you become a government economy. And we've got to stop that.
Spending is not caring. Spending is what politicians do instead of caring. Spending more does not guarantee success. Politicians like to measure spending because it is easier than measuring actual metrics of accomplishment.
Of all government expenditures, defense spending is the... most stimulative to the economy.
No opposing quotes found.