Politics

Bush the Budget-Buster Redux

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Here's a news story via Drudge that confirms the spendthrift ways of the Bush admin that were first noted years ago at reason online:

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….

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…

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 by 48.5 percent, not adjusted for inflation, more than twice as much as Bill Clinton did (21.6 percent) in two full terms, Slivinski reports.

More here.

Related reason-ania here and here and here.