Gov't Spending as a Percentage of GDP

Bonnie Kristian's picture
By Bonnie Kristian at 8:30AM

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It's up to 45%.   Auuuuggghhhghhghgh!!1!

Auuuuggghhhghhghgh!!1!? What's the matter? No glib remark? No pithy comeback?
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Bonnie: You may recall from my "10 Things I Hate About Taxes" series of blog articles that I used this data to show what we can expect in economic growth from countries with a given consumption of GDP by government. Now that we're up to 45%, it will be far less than pretty. We can now expect less than 1.5% growth per annum. Lovely... http://libertarianchristians.com/2009/04/14/lost-prosperity/
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