The Explosion of Government Dependence Hinders Growth

March 2013
Trends Magazine;Mar2013, Issue 119, p17
The article looks at how upsurge in government dependence has reshaped the U.S. economy and its national priorities. It notes that the government expenditures peaked at about one-fourth of the gross domestic product (GDP) when the private sector contracted. It also mentions the number of Americans who have received government benefits including food stamps, Medicare and social security. The forecasts in light of the issue are presented including on the sustainable growth of the U.S. in 2020.


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