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Fri Jan 11, 2013, 05:55 AM

This Chart Is For Anyone Who Thinks The US Has A High Level of Government Spending

http://www.businessinsider.com/this-chart-is-for-anyone-who-thinks-the-us-has-a-high-level-of-government-spending-2013-1

As we pointed out yesterday, the idea that the US pays a lot in taxes in objectively false on a global basis. Americans pay relatively little compared to most countries.

Now from Deutsche Bank is a chart that shows the US doesn't spend very much, either, at least compared to other major developed nations.



A couple of interesting things to note.
One is that Germany is usually considered a model of austerity and restraint, and it spends way more than the US days.
The other thing that's surprising is that Japan is usually considered model of reckless profligacy, and it spends less as a share of GDP than the US does.


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Reply This Chart Is For Anyone Who Thinks The US Has A High Level of Government Spending (Original post)
xchrom Jan 2013 OP
Kablooie Jan 2013 #1
JReed Jan 2013 #2
Motown_Johnny Jan 2013 #3

Response to xchrom (Original post)

Fri Jan 11, 2013, 12:24 PM

1. Until we drop below Somalia we are spending too much.


(In case you didn't get it.)

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Response to xchrom (Original post)

Fri Jan 11, 2013, 12:27 PM

2. K&R

 

The total price tag for each F-22 fighter jet is approximately $350 million.

Certain items always seem to find the funds.

It's where the taxes go and what else is included that are called fees, sales tax, property taxes and so forth.

I'm declaring myself a corporation, no more taxes.

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Response to xchrom (Original post)

Fri Jan 11, 2013, 12:34 PM

3. Clearly, all those other countries are Socialist.

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