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Author: oddhack 🐝  😊 😞
Number: of 41813 
Subject: Re: Biden Budget
Date: 03/13/2024 10:41 AM
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“During the Reagan administration, fiscal year federal receipts grew from $599 billion to $991 billion (an increase of 65%) while fiscal year federal outlays grew from $678 billion to $1144 billion (an increase of 69%”

Small government?


Government spending as fraction of GDP in 2023 was identical to Reagan's first term: https://fred.stlouisfed.org/series/FYONGDA188S . Lowest fraction in the intervening years was during the term of that noted Republican, Bill Clinton.
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