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PrintOctober 15, 2009
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.
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