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
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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
