Friday, November 19, 2010

Government Spending

Someone, I think, claimed that there had been a "huge" government stimulus since 2008. Let's look at the numbers. Graphs are of government consumption and net investment. Red is total, green is State and local, and blue federal.






These don't include transfer payments which move money from one part of the private sector to another. Nor do they include 2010. From FRED, again.