The White House’s FY2017 Budget: Outlays February 10, 2016Posted by geoff in News.
You’ve probably heard that the president’s spending budget for FY2017 is a record-setting $4.1 trillion. But the number itself doesn’t tell you much – you need to compare it to the GDP for it to be meaningful. And of course looking at the number for one year doesn’t give you any context.
What you need, my friend, is a chart:
Yes, the Obama administration is happily projecting expenditures that, with the exceptions of the Great Recession and WWII, are among the highest we’ve ever seen. And they don’t seem to be temporary like the previous high points – it looks like they’re here to stay.
[Over the next few days I’ll be posting on some of the other aspects of the budget.]