The economic history of the United States is about characteristics of and  important .... Population growth was responsible for over three-quarters of the  economic growth ... The free white population had the highest standard of living  in the world. ..... Congress and the American states had no end of difficulty  financing the war.
Says that when Democrats controlled Congress and the White House, federal  spending as a share of the Gross Domestic Product leapt from 18.2 percent in  2001 to 25.2 percent in 2009 -- the largest such increase in any eight-year period  since World War II. — PolitiFact Texas on Friday, August 31st, 2012. Mostly False.
Dec 11, 2012 ... For years the Congressional Budget Office (CBO) has been warning .... The only  comparably severe bout of “fiscal tightening” since World War II ... That tax hike,  along with some spending cuts, amounted to 3 percent of GDP. .... cut: from 2001  to 2009 federal spending leapt from 18.2 to 25.2 percent of GDP.
The National Debt in my first month went down by $12 billion. .... Says that when  Democrats controlled Congress and the White House, federal spending as a  share of the Gross Domestic Product leapt from 18.2 percent in 2001 to 25.2  percent in 2009 -- the largest such increase in any eight-year period since World  War II.
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Says that when Democrats controlled Congress and the White House, federal spending as a share of the Gross Domestic Product leapt from 18.2 percent in 2001 to 25.2 percent in 2009 -- the largest such increase in any eight-year period since World War II.