According to Dan Mitchell, “First, we made a lot of fiscal progress between 2009 and 2014 because various battles over debt limits, shutdowns, and sequestration actually did result in real spending discipline.” Couple that with some (slow) growth in the economy, and as a result, federal spending as a percentage of GDP has declined.
Related Posts
Presidential Data Explorer Updated
Bob WeeksJanuary 26, 2023Explore the economic record of presidents, starting with Harry S Truman. Updated with recent data. (more…)Kansas Employment Situation, December 2022
Bob WeeksJanuary 25, 2023In Kansas for December 2022, the labor force grew, the number of people was steady, and the unemployment rate rose slightly, all compared to the previous month. Over the year, Kans...Wichita Employment Situation, November 2022
Bob WeeksDecember 30, 2022For the Wichita metropolitan area in November 2022, the major employment indicators barely changed from the prior month, with small declines in the labor force and employment. (mo...Personal Income in Kansas and States, Third Quarter 2022
Bob WeeksDecember 29, 2022For the third quarter of 2022, Kansas personal income grew at the annual rate of 4.1 percent, ranking thirty-ninth among the states. (more…)Kansas GDP, Third Quarter of 2022
Bob WeeksDecember 27, 2022In the third quarter of 2022, the Kansas economy grew at the annual rate of 1.9 percent. Gross Domestic Product rose in 47 states, with Kansas ranking thirty-second. (more…...