2 ms·
> 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
by 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.