Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
March 29, 2015

Chart of the Day

— The Financial Times provides this chart showing that government investment “has hit its lowest level since demobilisation after the second world war,” reaching “just 3.6 per cent of US output compared with a postwar average of 5 per cent.”

“The figures underline how across-the-board budget cuts are threatening future growth, as the axe falls heavily on federal investments that boost output, rather than transfers such as pensions and healthcare for the elderly.”

“Public investment picked up at the start of Mr Obama’s term – temporarily rising to its highest level since the early 1990s – because of his fiscal stimulus. But that has been more than reversed by subsequent cuts.”

  • geek49203

    I raise my hand and beg the term “investment.” Cause every expenditure is NOT an investment. I don’t care what politicians say, sometimes it is an EXPENSE. Which is probably the proper accounting term for it. Beyond that — can someone read Keynes before they quote what they think he said?

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