Did someone once say, where you look determines what you see? For evaluating the impact of federal spending, perhaps that is the problem. Some economists emphasize the connection between federal spending and the change in GDP (national production).
Each of us is helping to pay a $10 million monthly grass mowing bill. Why? Because of homes that are owned by Fannie Mae and Freddie Mac. As GSE’s (government sponsored enterprises), Fannie and Freddie had purchased mortgages from financial