Read it and weep, Conservatives.
That is ALL Gummint spending--Fed, State, and Locals, not just Fed--albeit the WWI/WWII spikes were caused by Fed.
HT: Ace
Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
5 comments:
You forgot the Great Depression spike also created by the Feds.
Have you played around with the base chart-creation page? It's "interesting" (in the Chinese sense).
Haven't played with the page. That sort of stuff is YOUR game; I'm math-challenged...
As to the Depression spike, by the chart's graph, it was a "spike" but spending remained high afterwards.
Compare that chart to this one.
Striving to keep spending as low as possible is certainly a noble goal, but is there an advanced country that spends less than us?
You talk about "advanced countries" as though they were some sort of Uber-Race.
They're merely decrepit.
Way off topic but I see you haven't gotten to the Nobel Economics winners yet. I wonder if you've read this from Ritholtz yet? Truly a great blog entry regarding the "irony" of the actual winners and the Eugene Fama, EMH "fan club":
http://www.ritholtz.com/blog/2009/10/ostrom-williamson-win-ironic-nobel-in-economics/
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