55 years of U.S. discretionary spending in 60 seconds

U.S. Discretionary Spending from Will Geary on Vimeo. Made with Processing: https://processing.org/ ​ Data from the Office of Management and Budget: https://www.whitehouse.gov/omb/historical-tables/ (Table 8.8)   h/t transitmapper

Construction spending, Trade

by WARREN MOSLER Highlights A solid rise in residential spending offset a mixed showing for non-housing components and made for a 0.1 percent July rise in overall construction spending to barely come within Econoday’s consensus range. Residential spending rose 0.6 percent …

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Spending Our Way to a Fiscal Crisis

by Ron Paul According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is …

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IT’S THE SPENDING, STUPID

  Why Are States So Strapped for Cash? There Are Two Big Reasons. “The proportion of state and local tax revenues dedicated to Medicaid and public pensions is the highest since the 1960s.” And of course there wasn’t even any Medicaid …

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