... one-for-one “matching grant”
changes the price of education and
the price ratio to ½.
Breakdown of Total Government Spending
0%
20%
40%
60%
80%
100%
1902
1927
1952
1977
2002
Share of Total Government ... Spending
Federal State Local
In 1902, the federal government
accounted for only 34% of total
government spending; local
governments accounted for 58%.
Federal government was resp...