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If only it were true
George Bush during the second debate:
Non-homeland, non-defense discretionary spending was raising at 15 percent a year when I got into office. And today it's less than 1 percent, because we're working together to try to bring this deficit under control.
Kevin Drum makes it simple.
Here's the truth about non-defense discretionary spending over the past six administrations:
Nixon/Ford: 6.8% per year
Carter: 2.0% per year
Reagan: -1.3% per year
Bush 1: 4.0% per year
Clinton: 2.5% per year
Bush Jr: 8.2% per year
All percentages are adjusted for inflation. The chart on the right shows raw figures for the past three administrations (from the Congressional Budget Office).
Posted by Alex Tabarrok on October 9, 2004 at 06:12 PM in Current Affairs, Economics, History | Permalink
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Tracked on Oct 12, 2004 9:41:13 AM
