How? The annual federal budget is roughly $7T.

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.