There’s been a lot of talk going around lately about government spending, and I thought I’d add some hard data in here on the percentage of GDP consumed by federal taxes and by federal spending. These are official government historical data and projections based on the Fiscal Year 2005 budget. I’ll hold the analysis for now, but this chart gives something to refer back to in later posts:
Source here, numbers from this spreadsheet (opens an Excel file).
UPDATE: Looks like the image from the chart didn’t post well (it’s cutting off on the right on my monitor), so I’ll have to try this again.