Graph of the Day for October 15, 2009

"I'd prefer the government run a larger deficit... the federal government has to spend more - and the deficit has to be larger - in order to get people back to work."
Robert Reich, former Labor Secretary, August 2009. 


Total Government Spending (Fed, State, Local) in US Since 1900



Source:  US Government Spending (Christopher Chantrill). 


Hoven's Index for October 15, 2009


Total government spending (% GDP) in 2007 for all OECD countries:  40.4%.

France (highest in OECD):  52.4%.

Canada:  39.0%.

Australia:  34.7%.

Switzerland (lowest in Europe):  33.4%.

South Korea (lowest in OECD):  30.7%


Source:  US Statistical Abstract, Table 1315

"I'd prefer the government run a larger deficit... the federal government has to spend more - and the deficit has to be larger - in order to get people back to work."
Robert Reich, former Labor Secretary, August 2009. 


Total Government Spending (Fed, State, Local) in US Since 1900



Source:  US Government Spending (Christopher Chantrill). 


Hoven's Index for October 15, 2009


Total government spending (% GDP) in 2007 for all OECD countries:  40.4%.

France (highest in OECD):  52.4%.

Canada:  39.0%.

Australia:  34.7%.

Switzerland (lowest in Europe):  33.4%.

South Korea (lowest in OECD):  30.7%


Source:  US Statistical Abstract, Table 1315