He landed on his feet on the economics faculty at Harvard.
Here's his take on what Obama and Miss Nancy plan to spend over the next few years, compared to historical averages.
He includes a simple, but telling chart!
1. The President is proposing significantly more spending than he proposed last year: 1.8% of GDP more in 2011, and roughly 1 percentage point more each year over time.
2. Spending is and will continue to be way above historic averages.
At its lowest point in the next decade federal spending would still be 1.7 percentage points above the 30-year historic average. Over the next decade, President Obama proposes spending be 12% higher as a share of the economy than it has averaged over the past three decades.
No true attitude adjustment noticed as yet. Just posturing to appear populist.
Time for more attitude adjustment this November.
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