4 ms·
> I'm keeping a weather eye out for the day that the majority of US spending is done by the government. These folk [1] says it was 31% in 2020. If you subtrac
by throwaway210222 5y ago
> I'm keeping a weather eye out for the day that the majority of US spending is done by the government.
These folk [1] says it was 31% in 2020.
If you subtract the ~$6 trillion of bogus GDP from 'hedonic and imputed' adjustments [2] (as one must), then you are probably already there.
Welcome tovarisch.
[1] https://datalab.usaspending.gov/americas-finance-guide/spending/ https://datalab.usaspending.gov/americas-finance-guide/spend...
[2] unless you thin $6t of home mortgage payments that never happened and improved electronics is describing the same thing as entire GDP of Japan.
- mikem170 5y agoAnd that doesn't appear to include the spending of state, county, and municipal governments...