Monday, July 16, 2012

Government spending in US decreased six consecutive quarters

According to the latest release of GDP figures from the BEA, combined federal, state, and local government has declined sequentially for six consecutive quarters:


2010:Q4  2011:Q1  2011:Q2  2011:Q3  2011:Q4  2012:Q1\r\


-2.8 -5.9 -0.9 -0.1 -4.2 -4.0

 This includes defense spending.
-5.9 -12.6 7.0 5.0 -12.1-8.3
which is good news.

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