Politics: It Depends on What the Definition of ‘Austerity' Is

Republicans say Democrats are the big government people, and yet ...

Using Bureau of Labor Statistics data, the chart below compares recent changes in government expenditures—or federal, state, and local government purchases of labor, goods, and services—and private domestic investment.

From It Depends on What the Definition of ‘Austerity' Is by Veronique De Rugy, July 1, 2010, at the American Enterprise Institute.