Although federal spending is projected to decline from 22.8 percent of the gross domestic product recorded last year to 21.5 percent by 2017, it still will exceed the 40-year-average of 21.0 percent, according to the nonpartisan Congressional Budget Office. Spending peaked at 25.2 percent of GDP in 2009.The budget office also said the economy is roughly 5.5 percent smaller than it would have been had there been no recession.
Gov't Downsizes Amid GOP Demands For More Cuts
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