Fiscal expansion, what fiscal expansion?
The data on Federal spending since 2000 can be a little surprising. The graph below shows real federal government spending since 2000 (blue line). Note that the expansion from 2000 to 2008, from the last year of Clinton to the last of Bush, was of around 35%. The increase from the last year in the Bush administration up to last year, the last in Obama's first mandate, of slightly less than 20%, most of it in 2009.