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
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
Right now, there are two important policy changes that have come out in 2025. The first is DOGE aimed at eliminating waste, fraud and abuse in the government. The second is tariffs aimed at making global trade more fair
Which matters more?
The chart today looks at each in terms of their size relative to the GDP of the US. The scales are different to
... See moreStay Vigilant Blog Post Tarriffs
Defenders of foreign aid usually respond to critics by lecturing them that it represents no more than 1 percent of federal spending, and therefore they should look elsewhere to balance the budget. This argument totally misses the point that taxpayers place a higher priority on unmet needs at home.
Americans are willing to help alleviate genuine suff... See more
Americans are willing to help alleviate genuine suff... See more
Defending USAID Is Political Suicide for Democrats
In turn, the national debt would rise from 35 percent of GDP in 2003 to 50 percent of GDP in 2013—the highest since the mid-1950s, when the United States was still paying down the debt it incurred to fight World War II. The projected red ink and increased debt would be even greater in the years thereafter, when the baby-boom generation reaches reti
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
Another surprising fact about the U.S. economy is that non-profit organizations spend $2.42 trillion every year—this is nearly 10% of U.S. GDP and more than the Pentagon and revenues of all the large software companies combined:
