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January 23, 2008


Robert Freeman

Unfortuantely, Financial Reality's credibility is blown by the statement, "A reduction in the burden of government, which spends 44% of U.S. GDP in non-productive ways, like wars"

In the third quarter of 2007, the last quarter for which data is available, government spending amounted to 19.4% of GDP. The data are here at the Bureau of Economic Analysis web site:


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