
Here's a quick fact-check on Mitt Romney's mid-debate comment last night, that the US doesn't want to go down the same economic road as faltering Spain: Specifically, he was talking about government expenditures equalling 42% of GNP, which the Republican candidate claimed to be similar in the European case and in the US under Obama. True? Yes. Not in the way Romney implied, however: that US economic policy was a copy of a failed policy in Spain. This chart by USgovernmentspending.com, which tracks a broad range of such statistics, shows current US government spending roughly ... Read More



