Well, I'm afraid it can now be shown.
graph courtesy of Fabius Maximus.
Government payroll now exceeds manufacturing AND construction payroll. The difference.....they produce something, government produces nothing.
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5 years ago
1 comment:
Absolutely frightening. Looking at the graph it appears that the only period of reversal of this was during Reagan's first term. What is really astounding is how during the Clinton years when he was busy cashing in the peace dividend provided to him by Reagan, government continued to grow even as Clinton was slashing the military.
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