Timothy Geithner's Government Spending Whopper

According to Timothy Geithner, Obama's spending as a fraction of the GDP is lower than Bush's and similar to Ronald Reagan's.

Bullshit!

No wonder this guy can't do his own taxes.

Treasury Secretary Timothy Geithner made a false claim about the size of government spending being proposed by the Obama administration.

On NBC’s "Meet the Press" July 25, he said the president is proposing spending "as a share of our economy" that is "lower" than it was during the Bush administration and "comparable" to what it was under Ronald Reagan. Neither claim is true.

The administration’s own estimates project spending next year that is higher as a percentage of the economy than in any year since the end of World War II. The average projected by Obama’s budget officials is significantly higher than the average under Reagan or Bush (father or son).