Executive Summary posted October 25, 2006 by Daniel J. Mitchell, Ph.D.
Executive Summary: Fiscal Policy Lessons from Europe
The federal government spends an enormous amount of money.
Measured as a share of national economic output, budgetary outlays
are near a peacetime high, consuming almost 21 percent of gross
domestic product (GDP). Whether it is measured in nominal
dollars, in inflation-adjusted (real) dollars, or on a per
household basis, federal spending in America is at…
Backgrounder posted October 25, 2006 by Daniel J. Mitchell, Ph.D.
Fiscal Policy Lessons from Europe
The federal
government spends an enormous amount of money. Measured as a share
of national economic output, budgetary outlays are near a
peacetime high, consuming almost 21 percent of gross domestic
product (GDP).[1] Whether
it is measured in nominal dollars, in inflation-adjusted (real)
dollars, or on a per household basis, federal spending in America
is at…