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A comment on US Federal Reserve raises interest rates for first time since 2018. Parent comment

Re:US Federal Reserve raises interest rates for first time s... by cjsplat on Wednesday March 16, 2022 @05:10PM (#30704138)
I can't repro the 45% number.

BEA says 2021 US GDP is nearly $23T, CBO says total 2021 budget is $6.8T.

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Re:US Federal Reserve raises interest rates for first time s... by jmalicki on Wednesday March 16, 2022 @05:21PM (#30704255)
Federal budget is $6.8T, the 45% includes state and local government spending as well.

https://fred.stlouisfed.org/graph/?g=8fX https://en.wikipedia.org/wiki/Government_spending_in_the_Uni....

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Re:US Federal Reserve raises interest rates for first time s... by projektfu on Thursday March 17, 2022 @05:13PM (#30715946)
OK, that says 20% federal + 17% state/local, and that state/local is about 45% of all government expenditures.

In other words, it's 37% and not 45% of GDP.

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