Is your entire argument that it's a really big number? Are we afraid of big numbers? How much do you think it should spend? It's the federal government, they do a lot of stuff. Stuff costs money. We can complain about how they spend the money, or that the money is being wasted or stolen, but pointing out that it's a big number isn't a very convincing argument.
That number is meaningless without also considering US GDP (even if you write trillion in caps). The US averages about 14% government spending as a fraction of GDP, placing it at ~90/140. For the size of the US economy, spending should be significantly higher.
>...The US government's Bureau of Economic Analysis as of Q3 2023 estimates $10,007.7 billion in annual total government expenditure and $27,610.1 billion annual total GDP which is 36.2%.[1]
Is this actual spending, or are you rolling pass-through savings programs into this? Cause the caveat there is people always seem to want to count the outflow but not the associated inflow…
fragmede|1 year ago
xnyan|1 year ago
opo|1 year ago
>...The US government's Bureau of Economic Analysis as of Q3 2023 estimates $10,007.7 billion in annual total government expenditure and $27,610.1 billion annual total GDP which is 36.2%.[1]
https://en.wikipedia.org/wiki/Government_spending_in_the_Uni...
>For the size of the US economy, spending should be significantly higher.
The percentage shot up during the Covid spending and is still slightly above the historical average.
paulmd|1 year ago