Also, if you think these priorities are out of whack (which I do!) you should start grappling with how and why our spending looks like this.
Source: https://t.co/xJ6RXScUT0... See more
Also, if you think these priorities are out of whack (which I do!) you should start grappling with how and why our spending looks like this. Source: https://t.co/xJ6RXScUT0 https://t.co/vlCP1sSZHT
GDP, roughly speaking, is the value of all of the goods and services produced by the U.S. economy—our gross income, if you will. Looking at our debt and deficits as a percentage of GDP also allows us to make more accurate comparisons of our conditions to other countries and to previous periods in history. As of the end of the government’s most rece
... See moreBill King • Unapologetically Moderate: My Search for the Rational Center in American Politics
Debt Bombshell: U.S. Interest Payments Soar to $1.1 Trillion in Q1, Devouring 35% of Tax Revenue, Exceeding National Defense Spending.
Carl ₿ MENGER ️ • Tweet
Government consumption spending, education spending, and health care spending overlap to some extent, but in total, without double counting, they still exceed 25 percent of U.S. GDP.