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FY2024 federal spend 6.75 trillion. FY2019 was 4.4 trillion. FY2009 was 3.1 trillion. Twice the growth in half the time. Was there so much more that private i
by nullc 1y ago
FY2024 federal spend 6.75 trillion. FY2019 was 4.4 trillion. FY2009 was 3.1 trillion. Twice the growth in half the time.
Was there so much more that private industry "will not fill" in 2024 vs 2009? How about vs 1999? (1.7 trillion budget). We can't attribute the difference to inflation: the US government's inflation calculator says 1.7 trillion in 1999 is 3.3 trillion today.
No one is arguing that the federal government doesn't need to spend some money. But this truth has no relevance to the absurd out of control spending we're witnessing today.
- bigbadfeline 1y ago> FY2024 federal spend 6.75 trillion. That's selective apples to oranges Deficit as % of GDP: 2009 - 10%, 2011 - 8.6%, 2012 - 6.7%, 2013 - 4% ... 2019 - 4.6%, 2020 - 15%, 2021 - 12%, 2022 - 5.4%, 2023 - 6%.
- nullc 1y agoI don't think _deficit_ is at all a useful metric about the appropriate level of spending by the federal government-- Outside of emergencies deficit is merely a measure of gross financial incompetence in our elected officials.