| ▲ | rayiner 2 hours ago |
| > we instead injected $2 trillion dollars into things like infrastructure (real infrastructure, not GPU warehouses), education, helping out communities ravaged by globalization Even excluding military spending, US governments spend $2 trillion every 10 weeks. |
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| ▲ | ElProlactin 2 hours ago | parent | next [-] |
| Just to be clear: you're talking about federal and state non-military spending. And about 10% of this is interest. So over the course of a year, the US is paying about $1.25 trillion in interest at the federal and state level. |
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| ▲ | rayiner an hour ago | parent [-] | | Why wouldn’t you include state spending? That’s the level of government primarily responsible for infrastructure and education. | | |
| ▲ | ElProlactin an hour ago | parent [-] | | I wasn't making a judgment about including or not including state spending. It's just that "US governments" is not a common way for Americans to describe federal and state. People think federal when they see "US government". | | |
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| ▲ | nativeit 2 hours ago | parent | prev | next [-] |
| How? The annual federal budget is roughly $7T. |
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| ▲ | rayiner an hour ago | parent | next [-] | | You have to include state and local spending too. We’re at 40% of GDP which works out to almost $13 trillion: https://fred.stlouisfed.org/graph/?g=1CFpQ. Subtract $1 trillion in defense, and we’re spending about $1 trillion a month on government. | | |
| ▲ | nixon_why69 an hour ago | parent [-] | | Does that chart double-count state transfers to municipalities? When I was in local government, about half our school budget came from the state, so there would be entries on both ledgers. |
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| ▲ | raincole an hour ago | parent | prev [-] | | > governments Plural implies they count more than the federal government. |
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| ▲ | jiggawatts an hour ago | parent | prev [-] |
| Not to mention that data centres are infrastructure! Other nations are falling behind and will be at a real disadvantage soon. |
