Government Spending Is Out of Control! LOL - The Big Picture

Government Spending Is Out of Control! LOL - The Big Picture

Calculation: BEA Table 3.1 Line 20 (Current Expenditures) divided by Table 1.1.5 Line 1 (GDP). Alternatively, Item #2 below divided by GDP.     “If you torture data long enough, it will confess to anything.”  –Ronald Coase   Hey, it’s @TBPInvictus. Let’s delve into a case in point of Coase’s theorem: If you wanted to peddle the narrative that government spending is out of control, you might present a chart like the one above, which is an exact r…