The site I referenced claims to have taken the data from the US Bureau of Economic Analysis the same as yours...to be honest after looking through the data I haven't been able to replicate either using their interactive charts. According to the US Bureau of Economic Analysis spending has increased from 3544.9 to 3923.1 between 2009 and 2012 which is a 10.6% increase.
You can thank Carter for the housing bubble a result of the community reinvestment act which also saw regulatory changes under Clinton. Clinton's repeal of Glass Steagall can also be pointed to. Can you point to a specific Reagan policy that caused the housing bubble?
I have no idea who catshit is I changed my handle once -- I was calamari from 01 to 04 and 998sFE since then. I've witnessed you personally attack others in previous threads -- save it I'm not interested in fighting with you. I'm always open to learn something just don't act like an a$$hole.
The Community Reinvestment Act affect on this is mostly a red herring promulgated by right wing operative spinsters. It actually played an extremely small part in the housing bubble until it was strengthened later - but still was not the driving force (deregulated greed was). Read about it here (scroll down to Effectiveness
Community Reinvestment Act - Wikipedia, the free encyclopedia
There were plenty of similar laws before the CRA. All presidents have always pushed for more home ownership for lower income people. Bush 2 called it the "ownership society". The program was never effective no matter what it was called or who was running it, until...drum roll, please...Wall Street figured out they could swindle their way into our bank accounts with the help of fraudulent lenders and corrupt rating agencies (Moodies, etc.). The CRA is hardly worth mentioning except that it's a good vehicle to stick another fork in wimpy Jimmy Carter
. It's like blaming the wind for a tsunami.
Glass-Steagall, on the other hand, was pretty big.
You've witnessed my blah, blah, blah? That's a good one. When I first arrived here I was a nice guy. SP2Pilot and Rocky taught me everything I know about asshole. And still I can't nearly keep up with Mr. Semper Fi - no one can (reminds me of that Funkadelic album, Maggot Brain). High, corky.
PS: In case you haven't noticed, the threads I'm mad in are the threads of absurdity, of which there have been many. So it's not my fault.
That's my opinion and I'm sticking to it.
Do you like my hat?