Ratio of Workers
click on chart for sharper image
Tim used non-seasonally adjusted numbers from the BLS, subtracting the number of government employees from total employed to produce the above chart.
Spending Per Non-Government Worker
click on chart for sharper image
Tim used government spending records as posted on the White House website and data from the first chart to compute the amount of spending per non-government worker.
Obama claims the cutbacks will hurt the economy.
Federal government spending now amounts to $31,679 per non-government employee, annually. This is a spending problem, not a revenue problem.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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