7 ms·
Federal budget is $6.8T, the 45% includes state and local government spending as well. https://fred.stlouisfed.org/graph/?g=8fX https://fred.stlouisfed.org/gra
by jmalicki 5y ago
Federal budget is $6.8T, the 45% includes state and local government spending as well.
https://fred.stlouisfed.org/graph/?g=8fX https://fred.stlouisfed.org/graph/?g=8fX
https://en.wikipedia.org/wiki/Government_spending_in_the_United_States#:~:text=By%202019%2C%20federal%20spending%20was,45%25%20of%20total%20government%20expenditures https://en.wikipedia.org/wiki/Government_spending_in_the_Uni....
- projektfu 5y agoOK, that says 20% federal + 17% state/local, and that state/local is about 45% of all government expenditures. In other words, it's 37% and not 45% of GDP.