- “The size of state and local government that maximizes the growth rate in GDP is 11.42 percent.”
- “In 1993, state and local spending was 15.68 percent of GDP”
To read additional information on the federal government and whether it should downsize, click on Should the U.S. Federal Government Downsize to Increase Economic Output? (and Additional Information on the Armey Curve). To read the entire Joint Economic Committee Study, click on Government Size and Economic Growth.