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Even swaggering London, with its mayor and elected assembly, raises just 26% of what it spends (by comparison, New York raises 69%).
They argue that the government would eventually save at least as much money as it spends by lowering the cost of future benefits to retirees.
Reasonable questions, it seems, for the man who heads the computer company that spends by far the most on research and development.
Indeed, the principle embedded in Mr Obama's budget speech, that tax increases are spending cuts, suggests the objectionable idea that all income is government-owned, which it then "spends" by choosing not to hoover it up in taxes.
Changing the proportion Glaxo spends by just two percentage points means an extra £300m for a company as large as GlaxoSmithKline, and probably a reduction in the hefty profit margins that the industry is used to.
At 17.6% of its national income (up from 12.4% in 1990), America spends by far the greatest amount on health, half of it from public funds.In this section Output, prices and jobs Trade, exchange rates, budget balances and interest rates The Economist commodity-price index Health-care spending Markets Reprints.
Similar(47)
Spending by the party committees was negligible.
Moreover, spending by Republican-leaning "super PACs" is expected to far exceed spending by Democratic ones.
Spending by business was particularly strong; consumer spending also grew.
Spending by ministries will be cut by €6 billion.
But that seemed to be spent by Friday morning.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com