George,

Mitt Romney, in his announcement speech today, promised to "cap federal spending at 20 percent of GDP." This will not be much of a feat since the federal spending in 2010 was 19 percent of GDP. By the way, federal spending was over 22 percent of GDP from 1981 to 1986. Reagan ran up huge deficits when we weren't even at war.

But only you, the readers of the Loper blog, will know this. The Obama camp has no truth squad to broadcast information like this.

David RePass (Electronic mail, June 2, 2011)

Data cited comes from official documents published by the Government Printing Office. http://www.gpoaccess.gov/usbudget/fy06/hist.html