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Tea Party Fact Sheet


A usgovernmentspending.com brief by Christopher Chantrill

Government Spending since 1900

Would you believe it? Back in 1902 the government spent only six percent of our national income for public use. That was for everything: defense, education, the Post Office. Today in 2009 the government takes 44.7 percent of our nation’s product. And for what?

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Government Debt since 1900

Used to be that the National Debt only went up to pay for wars. Then President Reagan increased the debt to win the Cold War. Now President Obama is increasing the debt to bail out the banks — and anyone else that needs a cool trillion or so.
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Decline of the Dollar

The federal government took control of the nation’s money supply in 1913. President Roosevelt cut the value of the dollar to get out of the Great Depression. President Nixon cut it again to get re-elected in 1972. Now the dollar is worth about 3 cents of the dollar in 1913. You decide how well the feds have done.

 

Welfare Spending. Destroying the low-income family

The great achievement of government welfare programs is that now 40 percent of children are born out of wedlock and over 30 percent of children of high-school dropouts aren’t living with both parents.
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Education Spending. Dumbing us down

Back in 1842 Horace Mann promised that public schools would cut the crime rate by 90 percent. That was when nearly all Americans were able to read. Today the government reckons that only 13 percent of adult Americans are “proficient” in literacy and numeracy. But government spending on education has never been higher.
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There’s More...

usgovernmentspending.com. Where you go to get facts about government.

 

Prepared by Christopher Chantrill.
email: chrischantrill@gmail.com

 


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Gross State Product Update for 2014

The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2014 on June 10, 2015.

Usgovernmentspending.com has updated its individual state GSPs for 2014 and projected nominal and real GSP through 2020 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2016 Budget and the historical GDP data series from the BEA as a baseline.

As before we have projected individual state GSPs out to 2020 by applying a factor to reflect each state's deviation from the national growth rate. (E.g. In 2014 the national real GDP expanded by 2.4 percent. But North Dakota grew by 6.3 percent, a deviation of nearly 4 percent. The deviation is reduced by 40 percent for each year after 2014, making the assumption that each state will slowly revert to the national norm.)

Usgovernmentspending.com displays individual state data going back to 1957, but BEA has nominal GSP data going back to only 1963, and real GSP data going back to 1987.  Also the 1987-1997 real GSP data is in 1997 dollars, not 2009 dollars like the 1997-present data, and the pre-1997 data is based on a different model than post 1997 data.  For the pre-1997 data we have factored it to remove any "bumps" over the 1997 transition.

Because usgovernmentspending.com needs GSP data to provide e.g., spending as a percent of GDP, we have extended the two BEA GSP data series back to 1957.  We have assumed that the rate of change of GSP prior to 1963 is the same as the national GDP and we have assumed that the rate of change of real GSP prior to 1987 is the same as the nation real GDP growth rate.

Click here to view a complete list of US states and their 2014 GSP growth rates.

Spend links

us numbersus budgetcustom chartdeficit/gdpspend/gdpdebt/gdpus gdpus real gdpstate gdpbreakdownfederalstatelocal200920102011californiatexas

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usgovernmentspending.com was designed and executed by:

Christopher Chantrill.

Email here.


presented by Christopher Chantrill

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