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After all, the government managed to function at $4.4 trillion five years ago, and American civilization didn't collapse. The economy was humming, wages were rising, and poverty was falling.
Depending on how you interpret "waste," the category could encompass broad swaths of pandemic relief spending, such as the "economic impact payments," totaling $814 billion, that the government ...
The Senate approved a slimmed-down, temporary government spending plan early Saturday morning, averting a shutdown of the federal government. The legislation now goes to President Joe Biden for ...
The US government's Bureau of Economic Analysis as of Q3 2023 estimates $10,007.7 billion in annual total government expenditure and $27,610.1 billion annual total GDP which is 36.2%. [1] This government total excludes spending by "government enterprises" which sell goods and services "to households and businesses in a market transaction."
A National Journal poll in February 2012 reported: "When asked to identify the biggest reason the federal government faces large deficits for the coming years, just 3 percent of those surveyed said it was because of 'too much government spending on programs for the elderly'; only 14 percent said the principal reason was 'too much government ...
Musk and Ramaswamy, both of whom are successful entrepreneurs, have been adamant about their desires to cut unnecessary spending in order to reduce the government's debt of at least $35 trillion.
The Act effectively removed the impoundment power of the president and required him to obtain Congressional approval if he wants to rescind specific government spending. President Nixon signed the Act with little protest because the administration was then embroiled in the Watergate scandal and unwilling to provoke Congress.
In an additional letter to Congress, Russell Vought, Director of the United States Office of Management and Budget under Trump, said that these represented “wasteful and unnecessary spending.”