July 20, 2009
Obviously Not Drawn to Scale

This chart appears in yesterday's NY Post (HT: Instapundit). The last two years (2005 and 2009) indicate a 50% increase in spending but the bar for 2009 is barely taller than the bar for 2005.

SpendingGraph.jpg

Posted by E. Frank Stephenson at 10:29 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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