Eye-Popping Chart Shows How Federal Spending Has Surged Like Never Before
From the page: “You know that Federal Spending is enormous, but here’s a truly eye-popping visualization courtesy of Political Calculations.
Historically, federal spending has marched higher along with median household wages.
But that relationship has broken down, and so we’re now seeing this chart go weirdly backwards, as federal spending spikes higher, without a corresponding rise in income…
White House, Office of Management and Budget. Historical Tables, Budget of the U.S. Government, Fiscal Year 2011. Table 3.1 – Outlays by Superfunction and Function: 1940-2015.
U.S. Census. Table H-5. Race and Hispanic Origin of Householder — Households by Median and Mean Income (1967-2009).