Based on this, I predict that in five years we’re going to have a recession/economic panic the likes of which we haven’t seen since 1929.
Taking a broader look, spending on government programs from 1999 to 2003 will have increased 22 percent (in inflation adjusted dollars), according to a new analysis by the Washington Post. Measured against the GDP, total federal spending will soar to 18.5 percent in these three years. Spending rose 9 percent in the last two years of the�Clinton�presidency but will rise 15 percent in the first two years of the Bush administration. If�Clinton�was a social democrat in love with big government, what does that make Bush?
[via RRE]