Thursday, June 25, 2009
Posted by: John Campbell at 12:48 PM
I have stated many times in the past, that Republicans in the White House and Congress have spent too much.  I have said it since I came to Congress in 2005, and I am saying it again today.  However, the budget, spending, and deficits we are now seeing are almost incomprehensible.  The numbers are so large in fact that we fail to conceptualize them.  In order to help with that, here is a chart from the Heritage Foundation detailing the average federal deficit as a percentage of GDP, for Presidents Carter through Obama.  This graph speaks for itself.

 

 

 




About John Campbell

John Campbell is a member of the House Financial Services Committee, and has taken a leadership role in addressing the country's top economic issues. Campbell serves as a member of the Joint Economic Committee, and House Committee on the Budget. He has a Bachelor's Degree in Economics from UCLA and a Master's Degree in Taxation from USC.

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