Turn to Your Left at the End of the Sky

100,000 ft View of Government Spending

In very rough numbers (good enough for government work) for 2009:

US GDP: $15 trillion

Federal Government spends 20% = $3 trillion

Breakdown of the $3 trillion

  • 20% Defense
  • 20% Medicare/Medicaid
  • 20% Social Security
  • 10% Interest on Debt
  • 30% Everything else

The full budget (and historical trends) is available online. Despite the din, not much has changed. The inexorable rise of medicare / social security continues, though. Medicare and social security represented 20% of the federal budget in 1971. Today they represent 40% and growing…

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July 26, 2008 - Posted by | Economics, Government, Investing, Politics | , , , ,

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