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Wed Mar 6, 2013, 03:44 AM

A Pop Quiz About Federal Spending That May Surprise You [View all]

http://www.realclearmarkets.com/articles/2013/03/05/a_pop_quiz_about_federal_spending_that_may_surprise_you_100179.html

The quiz consists of four true-false questions:

Question 1: The federal government is spending a larger share of national income than at any time since World War II - true or false?

Question 2: The federal government is collecting a larger share of national income in taxes than at any time since World War II - true or false?

Question 3: Social Security is currently running a deficit - true or false?

Question 4: Health care spending is outpacing the growth of income - true or false?


The author speculates that most Americans would get at least one question wrong, and would perhaps blow all four. He provides the correct answers, with supporting data, but I've reached my four-paragraph limit and I wouldn't want to include a spoiler anyway.

This piece is hosted on Real Clear Markets, which is affiliated with Real Clear Politics, which is a right-wing site -- so I'm a little surprised to find an article by a Senior Fellow in Economic Studies at the Brookings Institution. The comments, reflecting the site's normal orientation, are largely right-wing demands for lower taxes and attacks on government spending.

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Reply A Pop Quiz About Federal Spending That May Surprise You [View all]
Jim Lane Mar 2013 OP
oldhippydude Mar 2013 #1
essaynnc Mar 2013 #2
tclambert Mar 2013 #3
Jim Lane Mar 2013 #4