

Since the President took office, annual government spending has increased by 25% , with the federal government spending $3.6 trillion this past year. As a share of the economy – Federal spending has averaged over 24% of gross domestic product – the highest level as a share of the economy since World War II. (Budget House)

Obama and Senate Republicans reached a fiscal cliff deal late Monday. The deal will include new tax hikes on wealthy Americans and no cuts in Obama’s record spending.

The Washington Post reported: