Federal spending
2008-09-12 14:44:16.380475+02 by Dan Lyke 0 comments
Interesting Wall Street Journal article on recent (2001-2008) federal spending increases. Next year federal expenditures will reach 21.5% of GDP, the highest since 1992, and:
If the cost of the federal takeover of Fannie Mae and Freddie Mac prove to be large and are taken into account, next year federal outlays could be higher as a share of the economy than at anytime since World War II. In this decade alone, federal spending has increased by almost $1.2 trillion, or 57%.
Via.