Re:Microsoft is a national security threat: ex-White House c...
by xnyan on Sunday April 21, 2024 @02:21PM
(#40107940)
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.
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Re:Microsoft is a national security threat: ex-White House c...
by opo on Sunday April 21, 2024 @10:10PM
(#40110928)
You are ignoring state government expenditures.
>...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.