Federal Funds Flow No Bargain for Midwest
The federal government is an important
force in the national economy. Since 1950,
federal government spending has increased
more than twenty-fold, from $43 billion to $946
billion in fiscal 1985. Currently, expenditures
of the federal sector represent about one-fourth
of the country's total output or gross national
product (GNP); in 1950 the federal sector represented only about one-seventh of GNP. How
and where the congress a nd the administration
decide to obtain revenues and to spend funds
can have a significant and varying impact on
geographic areas of the country.
