Quote Originally Posted by maladroit
the total amount of federal, state, and local government spending is about $5 trillion per year...i wonder how much of the US GDP is sourced in all that spending
Government spending is not the same a stimulus spending. Reason be, a stimulus is not a perminant budget outlay, but rather a tool used to shift the AD curve to the right.
GoldenBoy812 Reviewed by GoldenBoy812 on . Future stimulus package A few days ago, the Chinese government unveiled a stimulus package amounting to $586 billion. The reasoning behind it is that there are many projections for a global slowdown in production for the world largest economies. In doing so, the package will provide money for health care, infrastructure, and education. Some info: China stimulus package Our current bailout plan has been restructured a bit, which is not on its own accord shocking, as they are virtually creating the theory as Rating: 5