Government Spending Slows Economic Growth

Government Spends = We Lose Presented by Rich Sokol August 12, 2009

Purpose ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What is GDP? ,[object Object],[object Object],[object Object],[object Object],[object Object]

GDP per US resident adjusted for inflation ,[object Object],[object Object],[object Object],$45,755 2009 $42,344 1999 $34,647 1989 $28,239 1979 $22,637 1969 $16,477 1959 $13,584 1949

GDP per US resident adjusted for inflation – growth by decade ,[object Object],[object Object],[object Object],[object Object],8% ? 2000s 2010s 22% 1990s 23% 1980s 25% 1970s 37% 1960s

Total Government Spending per US resident, adjusted for inflation ,[object Object],[object Object],[object Object],[object Object],[object Object],$17,922 $19,155 2009 2019 est. $12,397 1999 $10,900 1989 $8,333 1979 $6,677 1969

Is the spending increase due to National Defense? Federal Defense Spending as a % of GDP and as a % of total federal spending ,[object Object],[object Object],[object Object],18.8% 3.8% 2000s (thru 2008) 18.8% 3.9% 1990s 26.2% 5.8% 1980s 27.4% 5.5% 1970s 46.4% 8.7% 1960s 59.5% 10.5% 1950s DEFENSE % of spending DEFENSE % of GDP

What does the future hold? ,[object Object],[object Object],[object Object],[object Object],[object Object]

Spending vs Taxes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

CONCLUSIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sources and Notes ,[object Object],[object Object],[object Object],[object Object]

Government Spending Slows Economic Growth

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