The Republican US Senate Budget Committee released a chart Wednesday afternoon showing that government in the United States spend more money per person than those in Portugal, Italy, Greece, or Spain.
According to the graphic, data from the International Monetary Fund's World Economic Outlook show that in Y 2011 the United States, at the federal, state and local levels spent $20,000 per person, considerably more than Portugal's $10,200, Greece $12,500, Spain's $13,100, and Italy's $16,900, all 4 of which are countries with large deficits that currently face, or are already in recession.
A spokesman for Senate Budget Committee Republican staff said that the need for a budget is reaching a fever pitch.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.