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“From 1792 until 1928, federal government spending remained relatively stable at about two-and-a-half percent of all spending in the economy. But when Franklin Roosevelt became President in the early 1930s, the data reveal a fundamental change in the size and scope of government. Government spending, which had remained steady for more than 130 years, began to grow from less than 3 percent of the economy prior to 1928, to 10 percent in the 1930s, to 17 percent in the 1950s, then to 22 percent today.” — Antony Davies
From 1792 until 1928, federal government spending remained relatively stable at about two-and-a-half percent of all spending in the economy. But when Franklin Roosevelt became President in the early 1930s, the data reveal a fundamental change in the size and scope of government. Government spending, which had remained steady for more than 130 years, began to grow from less than 3 percent of the economy prior to 1928, to 10 percent in the 1930s, to 17 percent in the 1950s, then to 22 percent today.