Federal Funds Flow No Bargain for Midwest
Financial Economics
Public Economics
Urban, Rural, Regional, Real Estate, and Transportation Economics
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.