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Was president. joining us, economist and author of america s ticking bankruptcy bomb, peter ferrar joins us. let us reiterate what he said, the lowest annual domestic spending since dwight eisenhower was president. how is this president able to make that statement? the actual numbers are in 1961, federal domestic spending adjusted for inflation to today was $327 billion. the federal domestic spending today is $2.9 trillion, almost 10 times as much. what is he leaving out? he s leaving out entitlements which is part of the problem. he s leaving out entirely entitlement spending which is the coming tsunami some say. i know that many say we need to do away with obamacare. that can t happen unless we have republican house, senate and president. let s get beyond that. what can we do to curb this trend? my book explains in details how to reform those programs. ....