----- Forwarded Message ---- From: John Case <jcase4218 at gmail.com> To: Socialist Economics <socialist-economics at googlegroups.com> Sent: Sat, September 11, 2010 12:39:40 PM Subject: [socialist-economics] Paul Krugman: "Ever Expanding Government
September 10, 2010, 4:15 PM “Ever-expanding Government”
Original URL: http://krugman.blogs.nytimes.com/2010/09/10/ever-expanding-government/ Menzie Chinn points out that government employment has not, in fact, soared under Obama; he gets the usual mass of hysterical comments accusing him of being naive, dishonest, whatever. Heh. Here’s another one: compare real government purchases in stimulus-happy America and frugal, austere Germany (I’ve mentioned this before, but here’s a chart): Eurostat It’s worth noting that just to keep up with the trend in potential GDP, US government purchases would have to have risen about 6 percent over the period shown. As far as actual government spending on goods and services goes, as opposed to aid to individuals, we’ve had no stimulus at all — basically because of cutbacks at the state and local level. But hey, stimulus has failed-- You received this message because you are subscribed to the Google Groups "Socialist Economics" group. To post to this group, send email to socialist-economics at googlegroups.com. To unsubscribe from this group, send email to socialist-economics+unsubscribe at googlegroups.com. For more options, visit this group at http://groups.google.com/group/socialist-economics?hl=en.