Nate
Silver is perhaps best known for being one of the most accurate election
forecasters in the U.S., where he has applied statistical methods
originally developed to analyze sports to determining the most likely outcome
of elections.
Previously
hosted by the New York Times, Silver has recently relaunched his FiveThirtyEight blog
with ESPN, where he has also expanded the range of topics he covers. As a case
in point, he recently focused on what is driving the growth of government spending over
time. Here is what he found after surveying the data from 1972 through 2011:….To put it another way, in order to be able to actually
afford the total increase in entitlement spending that occurred, the U.S.
economy would have had to grow at a pace nearly twice as fast as it did in the
forty years from 1972 through 2011. Silver then goes on draw a correlation between the
increase in the government’s social welfare entitlement spending and the growth
of distrust in the government itself:…..To Read More….
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