Hey, Big Spender! The Federal Budget
In This Chapter
• What the government does in the economy
• The federal budget and where it goes
• Government agencies that affect the economy
The main title of this chapter—Hey, Big Spender!—is meant to be somewhat ironic. Many Americans tend to distrust government in general and big government in particular. But, as I’ve noted, the U.S. government plays a smaller role in the U.S. economy than the governments of most developed nations play in theirs. U.S. taxes are lower, and public programs are smaller.
Still the government’s role in the economy is one area where politics can be expected to intrude on economics, and it does. In this chapter, I will try to keep politics at bay and describe ...