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> Outlays have not come down to anything close to pre-COVID levels. Federal Net Outlays as Percent of GDP have been around 20% since ~1980: * https://fred.stl
by throw0101c 2y ago
> Outlays have not come down to anything close to pre-COVID levels.
Federal Net Outlays as Percent of GDP have been around 20% since ~1980:
* https://fred.stlouisfed.org/series/FYONGDA188S https://fred.stlouisfed.org/series/FYONGDA188S
They jumped to 30% in 2020, and are on a downward trend, with 2023 being at 22%.
Technically true not down to 20% in 2019, but not as horrendous as many people think.