Saturday, December 26, 2020

Time for an update

The graph shows "current expenditure" of the Federal government (blue) through the end of 2019, compared to interest paid (red) by all sectors of the US economy.

Graph #1

Conclusion: If you think the Federal government spends a lot of money, then you also have to think that we, the people who live and work and do business in the USA, spend a lot just to pay the interest on what we owe.

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