| ▲ | jschveibinz 3 hours ago | |||||||||||||||||||||||||
Side note: The federal government costs about $19 billion per day to operate based on an annual budget of roughly $7 trillion. So $1 billion is about equal to 4 hour hours of government spending. | ||||||||||||||||||||||||||
| ▲ | pchristensen 2 hours ago | parent | next [-] | |||||||||||||||||||||||||
Operations is about 1/4 of the budget ($1.75T), and half of that is DoD. 60% is payments for entitlement programs like Social Security, Medicare, and Medicaid. The remaining 15% is debt service. | ||||||||||||||||||||||||||
| ▲ | mmooss 3 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||
> The federal government costs about $19 billion per day to operate based on an annual budget of roughly $7 trillion. $7 trillion is not operating expenses. Much goes into assets that are retained decades or more. The Interstate Highway System isn't an operating expense. | ||||||||||||||||||||||||||
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| ▲ | ImPostingOnHN 3 hours ago | parent | prev [-] | |||||||||||||||||||||||||
Yikes, that is a lot. | ||||||||||||||||||||||||||