A Historical Perspective: Federal spending as a percentage of GDP

[FaninAma]

http://www.realclearmarkets.com/articles/2011/06/09/government_spending_and_the_18_of_gdp_myth_99063.h tml

Now above 25%

And please remember this doesn't include state and local government spending. It is estimated when you include those the total government expenditures in this country approach 40+% of GDP.

And we wonder why we are going broke.

[pphilfran]

Now? It hit 25.2% in 2009...it has dropped to 24%... projections showing it dropping to 22%... :)

That article is a year and half old...

[FaninAma]

http://www.usgovernmentspending.com/spending_chart_1903_2012USp_13s1li011lcn_F0t_US_Go vernment_Spending_As_Percent_Of_GDP

I wonder how much of the GDP the Fed stimulus programs account for?

According to a Bank Of America analaysis the Fed will have assets exceeding 40% of the GDP by 2015.

I wonder what the GDP would be if government spending and Federal Reserve spending weren't included?

What responsible adult counts their credit card spending as real wealth?