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URL:  http://boards.fool.com/furthermore-spending-was-increased-massively-30470353.aspx

Subject:  Re: Cashing In On A Massacre Date:  1/6/2013  10:12 PM
Author:  MadCapitalist Number:  664767 of 736572

Furthermore, spending was increased *massively* from 1929 to 1932,...

Uh, table 1 disagrees with your assertion. Spending increased modestly, as it had before. The "massive" increases started in 1932 (and receipts dropped through the floor).

http://www.whitehouse.gov/omb/budget/Historicals


Dude, seriously?

From 1929 to 1932, spending increased 49% during a period of *massive* deflation.

The funny thing is that spending increased only 37.6% in the subsequent 3 years from 1932 to 1935, a period of inflation. So spending increased at a *far* greater rate under Hoover than under FDR.
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