Federal Outlays as a Percentage of GDPSource.
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
I guess my point is, everyone bitches about gov’t spending, but if we did have a serious pull back of spending by said gov’t what would be the impact to the overall economy. Maybe we are already in too deep as to what we have come to expect from the the government...what I really mean is, we are socialist that have been masquerading as capitalist for the last 20 or so years.
We really do not produce a lot of wealth, not printed money, but real wealth! If we did, we would not be so dependent on the gov’t would we?
Just asking?