To: Jim 0216; Tax-chick; Homer_J_Simpson; colorado tanker
"During this period, the feds were small, in the deep background of daily life, and hovered around 5% or so of the GDP." Amazingly, Federal spending was even less than 5% of GDP.
- 2% in 1792 under President Washington through Jefferson
- 4% peak for War of 1812 under Madison
- 2% from Monroe through Buchanan
- 13% at peak of Civil War
- 2% again by 1880s under Garfield/Arthur until
- 4% for Spanish American War 1899
- 2% again by 1903 until
- 24% at peak of First World War
After WWI Federal spending remained around 4% until the Great Depression and New Deal, reaching nearly 50% in the Second World War, after which it never again returned to the old "normal".
Since WWII Federal spending has run over 20% of GDP.
In the 1950s over half was for national defense, today defense is barely 1/7 of the federal budget.
Statistics suggest the government overhead burden has been a serious drag on economic growth.
88 posted on
04/21/2017 12:35:02 PM PDT by
BroJoeK
(a little historical perspective...)
To: BroJoeK; Tax-chick; Homer_J_Simpson; colorado tanker
Great stats. Thanks.
Freedom defined as the absence of government coercion, a free America has always been a great America.
89 posted on
04/21/2017 1:31:21 PM PDT by
Jim W N
To: BroJoeK; Jim 0216; Tax-chick; Homer_J_Simpson; colorado tanker; Anoreth
It’s a really big country, especially when you get across the Mississippi, as Anoreth discovered when she drove from Seattle to Charlotte and back again.
91 posted on
04/21/2017 2:02:09 PM PDT by
Tax-chick
(Quien vive? CRISTO! Y a su Nombre? GLORIA! Y a su pueblo? VICTORIA!)
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