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by nofinator
974 days ago
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The government has been reducing spending since all the COVID support in 2020 and 2021. At its peak, government spending was over $7 trillion, which was over 30% of GDP in 2020. It appears to be trending back to the pre-COVID ratio: ~20% of the GDP is government spending. https://fiscaldata.treasury.gov/americas-finance-guide/feder... |
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0 - https://www.reuters.com/world/us/us-budget-deficit-jumps-23-...