alt Hacker NewsHow? The annual federal budget is roughly $7T.
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raincole • today at 4:23 AM
> governments
Plural implies they count more than the federal government.
How? The annual federal budget is roughly $7T.
> governments
Plural implies they count more than the federal government.
You have to include state and local spending too. We’re at 40% of GDP which works out to almost $13 trillion: https://fred.stlouisfed.org/graph/?g=1CFpQ. Subtract $1 trillion in defense, and we’re spending about $1 trillion a month on government.