[lbo-talk] what government spending?

[Max Sawicky]

Different data sources and agencies use different accounting frameworks.
This site appears to just mash them together.  Some of the state
spending is gross operating costs of public utilities and state run
liquor stores.  The most recent state-local numbers are for FY2008
(which ends in June for most states). I assume they did some kind of
extrapolation to get subsequent years.

On Tue, Oct 12, 2010 at 4:45 AM, socialismorbarbarism
<socialismorbarbarism at gmail.com> wrote:
>
> James Heartfield: "It [public % of GDP] has grown to 43 per cent of
> GDP. Can that be right?"
>
> Actually, it looks to be almost 44%, but yeah, it better be about
> right, because *something* has to cover that collapse in the private
> share of GDP that's implied by the same figures. Gosh, I wonder why
> that web site you linked to left those bits out (although it's easy
> enough to calculate...)
>
> I've played with the data you sent, added a column (Private GDP,
> simply total - public share), and in the last columns, percent change
> from the previous year.
>
> Year        Total               Priv GDP     Pub GDP    % Pub GDP   Year        GDP Change
> 1995       7414.70      4779.83      2634.87    35.5%                           Total   Private Public
> 1996       7838.50      5119.07      2719.43    34.7%           1996    5.7%    7.1%    3.2%
> 1997       8332.40      5518.81      2813.59    33.8%           1997    6.3%    7.8%    3.5%
> 1998       8793.50      5870.11      2923.39    33.2%           1998    5.5%    6.4%    3.9%
> 1999       9353.50      6299.99      3053.51    32.6%           1999    6.4%    7.3%    4.5%
> 2000       9951.50      6711.32      3240.18    32.6%           2000    6.4%    6.5%    6.1%
> 2001    10286.20        6852.20      3434.00    33.4%           2001    3.4%    2.1%    6.0%
> 2002    10642.30        6944.55      3697.75    34.7%           2002    3.5%    1.3%    7.7%
> 2003    11142.10        7211.47      3930.63    35.3%           2003    4.7%    3.8%    6.3%
> 2004    11867.80        7740.14      4127.66    34.8%           2004    6.5%    7.3%    5.0%
> 2005    12638.40        8240.94      4397.46    34.8%           2005    6.5%    6.5%    6.5%
> 2006    13398.90        8700.59      4698.31    35.1%           2006    6.0%    5.6%    6.8%
> 2007    14077.60        9152.99      4924.61    35.0%           2007    5.1%    5.2%    4.8%
> 2008    14441.40        9106.15      5335.25    36.9%           2008    2.6%    -0.5%   8.3%
> 2009    14258.20        8223.60      6034.60    42.3%           2009    -1.3%   -9.7%   13.1%
> 2010    14623.90        8211.19      6412.71    43.9%           2010    2.6%    -0.2%   6.3%
>
> Put the last columns in an Excel line chart and it looks pretty
> dramatic--you can see the bifurcation, with gov't spending spiking up
> and private growth in GDP plummeting in 2009, but still in 2008 and
> 2010 showing clear differences from the earlier good [sic]
> years--although 2001-2002 was certainly less than perky.
>
> To me, these figures scream out, a public share of 43.9% of GDP must
> still be grossly inadequate. Overall growth is seriously sick.
>
> To me, these figures also scream out, recession my ass. Three years of
> < 3% growth, even with relatively large increases in government
> spending? If this isn't a depression, fuck 'em, their definition is
> worthless.
>
> But of course to the folks at usgovernmentspending.com I guess it's
> all about that profligate out-of-control gummint.
>
> On Mon, Oct 11, 2010 at 9:02 PM, James Heartfield
> <Heartfield at blueyonder.co.uk> wrote:
> > What government spending? According to this website,
> > http://www.usgovernmentspending.com/charts.html#copypaste it has grown to 43
> > per cent of GDP. Can that be right?
> >
> >
> .....
> >
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