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Fri Jan 4, 2013, 09:04 AM

No, federal spending isnít surging. Itís falling.

http://pollways.bangordailynews.com/2013/01/03/maine-politics/no-federal-spending-isnt-surging-its-falling/

Watch out for raging misinformation about the federal budget.

Hereís Scott Moody from the Maine Heritage Policy Center, making a claim that doesnít stand up to scrutiny:

Federal spending has grown tremendously in the last few yearsÖAs a percent of Gross Domestic Product (GDP), federal spending jumped to 24.1 percent in FY 2011 from 20.1 percent in FY 2006. The historic average over the last four decades is 20.7 percent of GDPÖ federal government is growing as a percent of the economy.

Above Moody uses the correct metric ó federal spending as a percent of the gross domestic product (GDP), a measure of whatís produced by the economy.
But the statement is wrong, both for simple and more complex reasons.

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Reply No, federal spending isnít surging. Itís falling. (Original post)
jpak Jan 2013 OP
sinkingfeeling Jan 2013 #1

Response to jpak (Original post)

Fri Jan 4, 2013, 11:23 AM

1. Thanks.

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