2 ms·
> When 638 individuals decide how $3 trillion gets spent Just a small correction. Federal Government spending was $4.4 trillion in 2019. It was $6.6t for 2020
by adventured 5y ago
> When 638 individuals decide how $3 trillion gets spent
Just a small correction. Federal Government spending was $4.4 trillion in 2019. It was $6.6t for 2020 [2], with $4.6t of that being mandatory spending; tax revenue was $3.4t for 2020 by comparison. We wish outlays were only $3t, we'd have a nice budget surplus right now.
[1] https://www.cbo.gov/publication/56324 https://www.cbo.gov/publication/56324
[2] https://www.cbo.gov/publication/57170 https://www.cbo.gov/publication/57170
- Proven 5y agoIt's clear he was talking about the latest stimulus proposal ($3.5 tn) pushed by the socialists