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There ensues a robust debate on whether safety net programs have significantly reduced poverty or, despite trillions spent, failed.
How is it that two states with such important primary campaigns in which large amounts of money were spent failed to attract more voters?
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The attempt to produce a balanced public sector budget primarily through cuts to spending failed in the previous parliament.
But Congressional Republicans, while winning cuts in "discretionary" spending, failed to strike a "grand bargain" curbing entitlements.
Economists and policy makers are watching consumption closely because twice in the last four years, promising export-led recoveries have fizzled as consumer spending failed to pick up.
Around 1.3 million people lost unemployment insurance benefits last week, after a bipartisan budget deal on federal spending failed to include a reauthorisation of the program.
Given the magnitude of the contraction in credit supply following the financial crisis of the late 1990s, it is no surprise that government spending failed to restore growth.
The Publicis Groupe, the marketing and advertising company, said fourth-quarter revenue fell 6.9percentt as a better-than-expected increase in ad spending failed to offset a weaker dollar.
The Campbell Soup Company said its profit fell 25percentt in its most recent quarter as higher marketing spending failed to increase sales in the United States, where warm weather curbed demand.
The H. J. Heinz Company said yesterday that fourth-quarter earnings slumped 54percentt after the company spun off businesses and higher marketing spending failed to increase sales of frozen foods.
And a side consequence of this awkward positioning is that officials can't easily offer the obvious rebuttal to claims that big spending failed to fix the economy — namely, that thanks to the inadequate scale of the Recovery Act, big spending never happened in the first place.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com