“government takeover of the mortgage lending giants Fannie Mae and Freddie Mac. “
GOVERNMENT TAKEOVER?
“average annual growth of spending of just more than 3 percent over that period”
And 3% is TINY. Well it is tiny if you are talking about 3% of $100. But when you are talking THREE TRILLION DOLLARS, 3% growth is TOO DAMN MUCH.
“A fairer reading is an almost 8 percent increase.”
And THAT is a whole lot of money, even when it is somebody else’s money.
"Much of the slower growth reflects the influence of Republicans retaking control of the House and their budget and debt deal last summer with Obama. All told, government spending now appears to be growing at an annual rate of roughly 3 percent over the 2010-2013 period, rather than the 0.4 percent claimed by Obama and the MarketWatch analysis."
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