{"id":16337,"date":"2012-10-30T10:42:45","date_gmt":"2012-10-30T14:42:45","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=16337"},"modified":"2012-10-30T10:43:22","modified_gmt":"2012-10-30T14:43:22","slug":"no-growth-without-government","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/16337\/no-growth-without-government\/","title":{"rendered":"No Growth Without Government"},"content":{"rendered":"<p>GDP grew by two percent in the third quarter of this year. That&#8217;s not a particularly impressive number, but in this economy &#8212; with its now-ubiquitous diminished expectations &#8212; it falls under the category of &#8220;We&#8217;ll take what we can get.&#8221; The Mercatus Institute&#8217;s Veronique De Rugy and Keith Hall <a href=\"http:\/\/mercatus.org\/publication\/third-quarter-increase-gdp-growth-came-biggest-increase-government-spending-over-two\">have scratched beneath the surface of those numbers<\/a>, however, and what they&#8217;ve found is even more disheartening than the rate itself:<\/p>\n<blockquote><p>According to the Bureau of Economic Analysis, the economy grew by a modest 2 percent in the third quarter of 2012. While this was stronger growth than the preceding quarter, all<em> <\/em>of the increase in GDP growth came from the biggest increase in federal government spending in over two years.\u00a0\u00a0Federal government spending rose 9.6% at an annual rate in the third quarter&#8230;Growth in the private sector fell by 0.1 percent to 1.3 percent in the third quarter\u2014down from 1.4 percent in the second quarter.<\/p><\/blockquote>\n<p>But the private sector, we remind you, &#8220;is doing just fine.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GDP grew by two percent in the third quarter of this year. That&#8217;s not a particularly impressive number, but in this economy &#8212; with its now-ubiquitous diminished expectations &#8212; it falls under the category of &#8220;We&#8217;ll take what we can get.&#8221; The Mercatus Institute&#8217;s Veronique De Rugy and Keith Hall have scratched beneath the surface [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[602,2585,562,867],"class_list":["post-16337","post","type-post","status-publish","format-standard","hentry","category-posts","tag-big-government","tag-economic-growth","tag-economics","tag-private-sector"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=16337"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16337\/revisions"}],"predecessor-version":[{"id":16340,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16337\/revisions\/16340"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=16337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=16337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=16337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}