Fiscal Austerity is Happening Now

Ryan Avent notes that fiscal austerity is happening now: [T]he record shows that total federal government outlays were 25.2% of GDP in 2009, 24.1% of GDP in 2011, and 22.8% in 2012…Both outlays and receipts are, as a share of GDP, below pre-crisis level… the “austerity” of 2011-2012 wasn’t “austerity” but austerity. Federal government spending [...] View the full post at: Fiscal Austerity is Happening Now Related posts: Can Better Risk Management Techniques Prevent “It” From Happening Again? Fiscal Stimulus: The Growing Debate About When to End It Fiscal ’08 May Retail Sales