Graph of the Day for December 3, 2009

"But to truly transform our economy, to protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy.  So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America.  That's what we need.  (Applause.)"

President Obama's address to the Joint Session of Congress

Percentage Change in Real GDP
Under the American Clean Energy and Security Act of 2009

Source:  The Congressional Budget Office

Hoven's Index for December 3, 2009

Size of various federal government expenses as percent of GDP, in 2007:

Defense:  4.0%.

Grants to state and local governments for payments to individuals:  2.1%.

All other grants:  1.1%.

Net interest on debt:  1.7%.

Source:  US Statistical Abstract, Table 453

Graph of the Day Archive.