Government Spending as Percent of GDP

http://www.futureofcapitalism.com/2012/07/government-spending-as-percent-of-gdp-1

Spending by federal, state, and local government in the U.S., including transfer payments "through programs like Social Security, Medicare, Medicaid, food stamps, unemployment insurance, and housing vouchers," totaled $5.6 trillion in 2011, about 37% of GDP, says Donald Marron. That's down from a 2009 peak of 39% but up from earlier years in recent history.

by Editor  |  Jul 31, 2012 at 11:01 am Related Topics:  Government Spending receive the latest by email: subscribe to the free futureofcapitalism.com mailing list