Saturday, April 02, 2016

The History of U.S. Government Spending, Revenue, and Debt (1790-2015)

Metrocosm reports:
Aside from spikes during wartime and the Great Depression, government spending was remarkably stable throughout most of U.S. history. From the country’s founding until 1930, annual spending fluctuated around 3% of GDP, give or take a percent.

Comparatively, today’s spending looks absurd. Since 1980, the U.S. government has spent an average of 20% of GDP per year.
Check this one out.