Why No Talk Of Clinton-Era Spending Levels?

As we careen towards the "fiscal cliff," all we hear about is Clinton-era tax rates. Let's talk Clinton-era spending levels. From Investor's Business Daily:

Talk of Clinton-era tax rates ignores the fact that the former president, working with a GOP Congress, cut spending as a share of GDP and produced four balanced budgets by focusing on growth, not spending. Under Clinton, federal spending averaged 19.8% of GDP. In contrast, spending under Obama over the past four years has averaged 24.4% of GDP. Revenues from Clinton-era tax rates were actually used to pay down the national debt and produce four successive budget surpluses. Obama's tax increases will simply fund new spending.

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Analysis & Political Strategy