22.11.05

Apetite Fiscal

"If you measure as a percentage of GDP, discretionary Spending under Bush has decreased! In 2001 the figure was 3.4% of GDP, compared to 3.2% of GDP in 2006. If we exclude Homeland Security and Veterans spending the decrease is even larger, 3.0% to 2.7%."
(...)
Bush has cut taxes, cut or mostly restrained spending, quashed Kyoto and expanded free trade. If he has not done more it is because of political and ideological pressure, not a part of his agenda. The Democrats, on the other hand, promise to turn the US economy to the French or Swedish system."

Tino Sanandaji, "The Myth of Bush the Spender"

(via Neolibertarian.net)