I found this fairly dry looking site that goes over all kinds of interesting financial stats:
It’s non-partisan (it’s non political, it’s a glorified spread sheet).
But it’s interesting to look at snap shots of what the federal government spents its money on.
Starting in 1800..
Pretty boring still…
The 16th amendment passes allowing for direct income taxes…
Holly shit! World War I + new amendment brings a ton of new money.
War is over but the spending is still much higher than it was.
1929, the year the great depression starts.
So 4 years later, we’ve doubled our spending, no doubt to stimulate the economy. The depression must have ended in 1934 then right? Because, look at that massive stimulus.
No. Holy cow, we spend even more. And nowa new item, for the first time ever, has been added: Welfare.
Growing and growing. Note that we are now almost 3X the spending we were when the stock market crashed in 1929. That’s an incredible federal stimulus program. This is 1935 so this is pre-World War II.
World War II comes to the United States. Welfare disappears but we nearly double the budget again.
Holy shit. So 20 years since 1929 and the federal budget is nearly 10X bigger than it was. That’s incredible.
Marty McFly travels back to 1955 and the federal budget has massively increased still in just 6 years ($278 to $443!!!). Pensions (social security) are now part of life.
So now we have pensions (social security) AND welfare. This is the year I was born.
What the fuck is health? We went 200 years with only defense and “remainder” and now we have pensions, welfare and health?
The year I graduated high school
That social security and medicare thing sure sure took over. How did the federal government get into this?
Bush leaves office.
Christ, spending went from 2.7 to 3.2 on one year? Right, the Stimulus.
Spending goes down.