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To: 1rudeboy

Call it what you want, pull out the amount out of the GDP that the gov’t is responsible for. The whole kit & kaboodle...state, local, county, federal, medicare / medicaid, militay / defense, social service...etc.

As an aside, 12% of the GDP is manufacturing, the last I heard. Wonder how much of that gov’t induced?


15 posted on 08/10/2009 6:31:33 AM PDT by mr_hammer (Gold is the money of kings, silver is the money of gentlemen, debt is the money of slavery)
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To: mr_hammer
Federal Outlays as a Percentage of GDP
Average over the past half century: 20.2 percent
In 2007, the year before the crisis: 20.0 percent
In 2009, from the Obama budget: 27.2 percent
Average 2010-19, in Obama budget: 22.6 percent
In 2019, last year of Obama budget: 22.6 percent

Source.
16 posted on 08/10/2009 7:30:35 AM PDT by 1rudeboy
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