Politifact: Rand Paul is right: Current federal spending is higher than historical averageSubmitted by bobbyw24 on Wed, 11/17/2010 - 13:06
"We now consume at the federal level 25 percent of the gross domestic product. Historically, we were at 20 percent. So we've taken 5 percent away from the private sector."
Rand Paul, Nov. 14, on CBS's Face the Nation
To check Paul's numbers, we turned to a historical table from the Office of Management and Budget that shows tax receipts, spending and the deficit as a percentage of GDP.
The most recent full-year figure is for 2009, and it shows that federal spending was 24.7 percent of gross domestic product, or 25 percent when rounded up. So Paul is correct.
The historical level of spending as a percentage of GDP is slightly more complicated but here, too, Paul is basically correct.