The growth rate of state and local government as a percentage of total GDP just continues.
It is empirically obvious that post-9/11 the Federal government is growing more rapidly due to active warfare in multiple countries and more intrusion into the everyday lives of US citizens.
But less obvious is the enormous growth of state and local governments...part of a very long trend but recently accelerated from the Great Asset Inflation and what that has meant in terms of wildly higher tax receipts.
And of course all these public employees are often unionized and receive generous defined benefit plans that are no longer found in the private sector.
When will the government share of GDP exceed 50%? In the not too distant future at the current growth rate.
Like all the most important things, this one is never subject to any real debate.
It happens slowly and inexorably just like you don't notice your kids growing up because you see them every day.
I define this as facism because government is fundamentally about coercion and compulsion. The ideals of the US are personal liberty and this is the opposite of personal liberty.
Okay, here are the facts and reference URLs:
First, by employment:
http://www.bls.gov/news.release/empsit.nr0.htm
22 million employed in the public sector in the US.
106 million employed in the private sector in the US.
By GDP percentages:
http://www.econlib.org/library/Enc/G...tSpending.html
this shows a chart of federal spending in the US and compares with Sweden and includes a discussion about the steady increase in government as a percentage of overall GDP
And, by US$
http://www.bea.gov/national/nipaweb/...=2006&Freq=Qtr
GDP $13.487 trillion
state, federal and local government $3.5 trillion
government consumption and gross investment $2.5 trillion
Total government $6 trillion or 44.4% of total GDP
All using official US government numbers
It is empirically obvious that post-9/11 the Federal government is growing more rapidly due to active warfare in multiple countries and more intrusion into the everyday lives of US citizens.
But less obvious is the enormous growth of state and local governments...part of a very long trend but recently accelerated from the Great Asset Inflation and what that has meant in terms of wildly higher tax receipts.
And of course all these public employees are often unionized and receive generous defined benefit plans that are no longer found in the private sector.
When will the government share of GDP exceed 50%? In the not too distant future at the current growth rate.
Like all the most important things, this one is never subject to any real debate.
It happens slowly and inexorably just like you don't notice your kids growing up because you see them every day.
I define this as facism because government is fundamentally about coercion and compulsion. The ideals of the US are personal liberty and this is the opposite of personal liberty.
Okay, here are the facts and reference URLs:
First, by employment:
http://www.bls.gov/news.release/empsit.nr0.htm
22 million employed in the public sector in the US.
106 million employed in the private sector in the US.
By GDP percentages:
http://www.econlib.org/library/Enc/G...tSpending.html
this shows a chart of federal spending in the US and compares with Sweden and includes a discussion about the steady increase in government as a percentage of overall GDP
And, by US$
http://www.bea.gov/national/nipaweb/...=2006&Freq=Qtr
GDP $13.487 trillion
state, federal and local government $3.5 trillion
government consumption and gross investment $2.5 trillion
Total government $6 trillion or 44.4% of total GDP
All using official US government numbers
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