3 ms·
Side note: The federal government costs about $19 billion per day to operate based on an annual budget of roughly $7 trillion. So $1 billion is about equal to
by jschveibinz 3mo ago
Side note: The federal government costs about $19 billion per day to operate based on an annual budget of roughly $7 trillion.
So $1 billion is about equal to 4 hour hours of government spending.
- ImPostingOnHN 3mo agoYikes, that is a lot.
- mmooss 3mo ago> The federal government costs about $19 billion per day to operate based on an annual budget of roughly $7 trillion. $7 trillion is not operating expenses. Much goes into assets that are retained decades or more. The Interstate Highway System isn't an operating expense.
- craftkiller 3mo agoEvery mile of road is an operating expense. Looking at a report from NY state: > Based on aggregate highway spending reported in 2009, the average statewide cost of maintaining a lane mile was $13,841. source (pdf): https://www.osc.ny.gov/files/local-government/publications/pdf/highwayspending.pdf https://www.osc.ny.gov/files/local-government/publications/p...
- telotortium 3mo ago> Every mile of road is an operating expense. Has, not is. Clearly you didn’t take Intro to Object-Oriented Programming in CS.
- craftkiller 3mo agoNah, I use rust so every mile implements OperatingExpense.
- pchristensen 3mo agoOperations is about 1/4 of the budget ($1.75T), and half of that is DoD. 60% is payments for entitlement programs like Social Security, Medicare, and Medicaid. The remaining 15% is debt service.