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re: US Colonel Douglas Macgregor gives a REAL State of the Union
Posted on 3/10/24 at 3:35 pm to funnystuff
Posted on 3/10/24 at 3:35 pm to funnystuff
Based on the latest information available, the Bureau of Economic Analysis estimated the total annual government expenditure in the United States (covering federal, state, and local levels) at approximately $10,007.7 billion, against an annual total GDP of $27,610.1 billion as of Q3 2023. This puts the total government spending at approximately 36.2% of the GDP.
So, 22.6 trillion GNP vs 10 trillion gvt spending.
37%
Your govt spending excludes State and local.
So, 22.6 trillion GNP vs 10 trillion gvt spending.
37%
Your govt spending excludes State and local.
This post was edited on 3/10/24 at 4:01 pm
Posted on 3/10/24 at 10:03 pm to RiverCityTider
Ah shite, Gov spending in GDP calculations don’t include transfer payments (unemployment, social security, etc)… duh, that’s where I was wrong
Thanks for the extra info, that helped me figure it out
Thanks for the extra info, that helped me figure it out
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