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Before the Conservatives jump all over the article, the full article has a few key caveats. 1. Spending on stuff, like infrastructure and public services, is s
by MattGaiser 2y ago
Before the Conservatives jump all over the article, the full article has a few key caveats.
1. Spending on stuff, like infrastructure and public services, is substantially down. In the chart, the US has never spent less as a percentage of GDP providing public services.
2. Public sector employment has long been in decline.
3. Entitlements are crowding out everything else.
- jollyllama 2y ago> 2. Public sector employment has long been in decline. Not counting contractors, presumably.
- creer 2y agoImportant dimension (also covered) is that high spending does not necessarily get things done. At least in appearance - but most likely in reality also. On the contrary, occasionally an urgent matter (say, a bridge replacement) gets a spending push and amazement ensues that it can actually be done. i.e. cases of both high spending and fast result.