Federal Finances: Budget and Growth

Interesting pair of charts from the JPM collection:

The first very clearly shows what the 5 buckets of US government spending is: 1) Health Expenses, 2) National Defense, 3) Retirement Costs, 4) Interest & Other, 5) Discretionary Spending.

They second reveals the components of US growth.

I cannot help but wonder when looking at these charts as to how far apart they may be in terms of our spending priorities . . .


Federal Finances

Economic Growth and the Composition of GDP

Source: BLS, FactSet, J.P. Morgan Asset Management.
Data reflect most recently available as of 6/30/11.

Source: JP Morgan funds

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