Show of 60 ro 60 I G Total Government Spending 56 as a Percentage Percentage Percentage-of of GNP 50 I I Protected Projected on basis bass of oj Actual past trends I I II II I I I Ij Iro 40 II II I II I I Total 36 I j 1 W 20 ro to 10 o 0 2000 1990 1955 1960 1970 1980 of the nations nation's total output of goods and services T This ls graph nominally shows how the rising riling share hare represented by government outlays at al all levels federal state tate and local In reality however the graph should bould be viewed as tracing the end of the private enterprise system In America Governments Government s share of ol GNP has haa grown from about 25 per cent In 1955 to over 36 per cent today It was 12 per cent In 1930 and according to projections proJection made by the Presidents President's Office of Management and Budget threatens to top 50 SO SOI I per cent before the end of this century UNLESS action can ean be taken to slow the explosive growth In ta Income transfer payments such ucb as Social Security and Medicare Medicare Medicare-in In governments government's redistribution of ol Income from the most productive sectors of the economy to the I least ast productive |