big government
The U.S. economy grew faster than expected in the April-to-June period of this year, boosted by gains in business spending and government spending for the war in Iraq ... Spending by the federal government jumped, with a rise in defense spending attributed to the war in Iraq. Federal spending rose by 25.1%, the largest amount since 1967. ... Defense spending spiked 44.1%, the largest amount since the Korean War. The increase in government spending added 1.4% to GDP for the second quarter.
Does spending on war qualify as an economic recovery?
originally posted by zagg