But going from theory to actual practice, I would look back over the 20th century and the beginning of the 21st century and I see Harding reducing spending as percentage of GDP in the early 20s, Truman reducing it in the mid-1940s, Reagan reducing it in the mid 1980s, and Clinton reducing it in the mid-1990s, and each period follows or is followed by a rather dramatic expansion of the nation's economy.
McClintock cites historical examples of spending cuts leading to economic growth.
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