Here‘s an interesting table, from The Motley Fool.
A couple of notes. Spending in 2012, the fourth year of the Age of Obama, relative to our nation’s total economic output, our GDP, is up 18%. The government spends nearly a quarter of our total economic production, production that by the government’s usurpation we in the private sector cannot use for our own ends.
Defense spending is down more than 17% from its long term average. Even so, President Barack Obama is bent on gutting our defense capability by another half-trillion dollars, starting next month. Never mind that al-Qaeda is resurgent across northern Africa, the Middle East, and western Asia. Never mind that Iran is on the verge of a nuclear breakout. Never mind that Russia and the People’s Republic of China both are increasing their own military spending and that the PRC, especially, is becoming increasingly aggressive militarily with their growing capability.
Welfare spending is nearly 9% of our GDP, up nearly two-thirds from a skosh over 5%. Yet Obama wants to increase welfare spending even further. I’ve written here about the trap that is welfare; one can only speculate about Obama’s motives for this.