WASHINGTON - George W. Bush, despite all his recent bravado about being an apostle of small government and budget-slashing, is the biggest spending president since Lyndon B. Johnson. In fact, he’s arguably an even bigger spender than LBJ. ‘He’s a big government guy,’ said Stephen Slivinski, the director of budget studies at Cato Institute, a libertarian research group. The numbers are clear, credible and conclusive, added David Keating, the executive director of the Club for Growth, a budget-watchdog group. ‘He’s a big spender,’ Keating said. ‘No question about it.’ Take almost any yardstick and Bush generally exceeds the spending of his predecessors. When adjusted for inflation, discretionary spending - or budget items that Congress and the president can control, including defense and domestic programs, but not entitlements such as Social Security and Medicare - shot up at an average annual rate of 5.3 percent during Bush’s first six years, Slivinski calculates. That tops the 4.6 percent annual rate Johnson logged during his 1963-69 presidency. By these standards, Ronald Reagan was a tightwad; discretionary spending grew by only 1.9 percent a year on his watch. Discretionary spending went up in Bush’s first term […]
Saturday, October 27th, 2007
Bush is the biggest spender since LBJ
Author: DAVIC LIGHTMAN
Source: McClatchy Newspapers
Publication Date: Wednesday, October 24, 2007
Link: Bush is the biggest spender since LBJ
Source: McClatchy Newspapers
Publication Date: Wednesday, October 24, 2007
Link: Bush is the biggest spender since LBJ
Stephan: