> FY2024 federal spend 6.75 trillion. That's selective apples to oranges Deficit... | Hacker News

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bigbadfeline 10 months ago | parent | context | favorite | on: The Dollar Is Dead

> FY2024 federal spend 6.75 trillion.

That's selective apples to oranges

Deficit as % of GDP:

2009 - 10%, 2011 - 8.6%, 2012 - 6.7%, 2013 - 4% ... 2019 - 4.6%, 2020 - 15%, 2021 - 12%, 2022 - 5.4%, 2023 - 6%.

nullc 10 months ago [–]

I don't think _deficit_ is at all a useful metric about the appropriate level of spending by the federal government-- Outside of emergencies deficit is merely a measure of gross financial incompetence in our elected officials.

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