Fiscal austerity explains why recovery has been so long in coming: Change in per capita government spending over last four business cycles
| 1982Q4 | 1991Q1 | 2001Q4 | 2009Q2 | |
|---|---|---|---|---|
| -6 | 90.83817 | |||
| -5 | 96.46779 | 91.33168 | ||
| -4 | 96.72548 | 97.80345 | ||
| -3 | 96.51523 | 96.35624 | 94.05089 | |
| -2 | 97.21731 | 98.09825 | 98.14218 | 94.4813 |
| -1 | 98.26435 | 98.92533 | 97.98324 | 96.68474 |
| 0 | 100 | 100 | 100 | 100 |
| 1 | 100.3829 | 100.7468 | 101.5275 | 99.84022 |
| 2 | 100.9558 | 100.4456 | 102.3723 | 99.50632 |
| 3 | 101.005 | 100.9653 | 102.8023 | 100.7222 |
| 4 | 99.79553 | 102.3054 | 103.3013 | 101.0192 |
| 5 | 100.4771 | 102.4831 | 103.1351 | 101.1242 |
| 6 | 101.715 | 102.7714 | 104.3665 | 100.3432 |
| 7 | 102.037 | 102.2554 | 104.5556 | 98.88213 |
| 8 | 103.485 | 101.9195 | 104.6451 | 98.15822 |
| 9 | 104.602 | 101.724 | 105.4192 | 97.23836 |
| 10 | 106.0107 | 102.011 | 105.8382 | 96.86414 |
| 11 | 107.6073 | 101.868 | 105.804 | 95.9267 |
| 12 | 107.6288 | 101.2959 | 105.4445 | 95.78736 |
| 13 | 108.7749 | 101.4328 | 106.1767 | 95.40735 |
| 14 | 110.4932 | 102.1325 | 106.3521 | 94.83589 |
| 15 | 112.3029 | 101.9209 | 106.5289 | 94.21625 |
| 16 | 111.6476 | 102.6275 | 106.0185 | 93.90439 |
| 17 | 112.0741 | 102.8173 | 107.5423 | 93.62299 |
| 18 | 112.6221 | 102.3836 | 107.6773 | 93.04895 |
| 19 | 112.3952 | 101.1486 | 107.8776 | 93.22292 |
| 20 | 113.0807 | 101.9359 | 108.2144 | 93.60604 |
| 21 | 113.3476 | 103.2437 | 109.1187 | 94.245 |
| 22 | 113.3408 | 102.7047 | 109.0787 | 94.14226 |
| 23 | 113.108 | 102.7598 | 109.5846 | 95.09063 |
| 24 | 114.405 | 103.1194 | 109.8789 | 95.43504 |
| 25 | 114.9973 | 103.4402 | 95.722 | |
| 26 | 116.1049 | 103.3562 | 95.86387 | |
| 27 | 116.8758 | 103.2392 | 96.35498 |
Note: For total government spending, government consumption and investment expenditures deflated with the NIPA price deflator. Government transfer payments deflated with the price deflator for personal consumption expenditures. This figure includes state and local government spending.
Source: EPI analysis of data from Tables 1.1.4, 3.1, and 3.9.4 from the Bureau of Economic Analysis (BEA), "National Data: National Income and Product Accounts" (data series), n.d., accessed December 2022.