Showing posts with label U.S. government. Show all posts
Showing posts with label U.S. government. Show all posts

Tuesday, June 30, 2009

Insane Government Spending

Total government (state, local, federal) spending will be about 45% of total GDP this year. This means that government spending represents nearly half of the total U.S. economy. And to think some people still do not think government is doing enough. I created the graph below from data from usgovernmentspending.com.


Notice total government spending as a percentage of GDP never rose above 10% (except briefly during the Civil War) until after 1913. I wonder why that is...
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