Tuesday, January 27, 2009

There’s always room for more government

Total government spending — federal, state and local — as a share of the economy throughout the 1930s was just under 20 percent.

Current total government spending is more than 35 percent of the total economy.

[Source: "F.D.R’s Example Offers Obama Cautionary Lessons",NYT, January 27, 2009]

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