Here is a pair of interesting charts from reader Tim Wallace.

Ratio of Workers

click on chart for sharper image

Tim used non-seasonally adjusted numbers from the BLS, subtracting the number of government employees from total employed to produce the above chart.

Spending Per Non-Government Worker

click on chart for sharper image

Tim used government spending records as posted on the White House website and data from the first chart to compute the amount of spending per non-government worker.

Obama claims the cutbacks will hurt the economy.

Federal government spending now amounts to $31,679 per non-government employee, annually. This is a spending problem,  not a revenue problem.

Mike “Mish” Shedlock