Sunday, June 3, 2012

Lies and whispers: Gov't spending down, not up - Fed Reserve

The austerity hawks who dominate the public debate urge - contrary to evidence - that reducing government spending is the key to prosperity.  And they assert falsely that increased government spending is the cause of the current stall.  The facts are quite the reverse - but the truth is whispered while the lies are trumpeted.  Here is the data on government spending from the St. Louis Federal Reserve Bank - Federal Reserve Economic data (FRED).

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