Goodbye to big government?We all scoffed back in 1996 when President Bill Clinton declared "the era of big government is over." After all, inflation-adjusted government spending Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. climbed during the Clinton years, and it has exploded on George W. Bush's watch. In his first five budgets, Bush increased real discretionary spending by more than 35 percent, the largest boost observed since modern budget rules were adopted in the mid-1960s. Yet Clinton was right by at least one measure--and not just about the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . As Johnny Munkhammar Johnny Mattias Munkhammar (born 24 September 1974) is a Swedish political writer and blogger who works for the liberal free market think tank Timbro. He previously worked as an EU-consultant at the Confederation of Swedish Enterprise from 2002 to 2005. of the libertarian lib·er·tar·i·an n. 1. One who advocates maximizing individual rights and minimizing the role of the state. 2. One who believes in free will. [From liberty. Swedish think tank Timbro documents in European Dawn: After the Social Model, government spending as a percentage of gross domestic product fell in most developed countries between 1993 and 2003. [GRAPHIC OMITTED] |
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