Circumstance Louisiana Cal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Federal spending was 19.6% of the gdp, the deficit was $161 billion. here we are in 2011 the deficit is projected to be 25.1% of gdp. reporter: spending. jon: i m sorry, federal spending 25.1, that s why i brought you in because you re smart and the deficit projected to be 1.3 trillion. reporter: that s right. some of that is the recession and it would have happened no matter who was in charge, okay. have you a recession, revenues go down and some counter circumstance louisiana cal spending for unemployment benefits goes up. the difference is we had an incredible increase in the last two years in spending historic, higher than during any time since 1946 as a share of the economy, that is something that is increasing the deficit and that is something that voters are skittish about and saying wait a minute this was supposed to produce a recovery it s not. jon: i bet people can read more about this thing in the wall street journal if they d like. ....

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