My radiant padlet by Brody Bohannon

fed spending overview

babohannon — 2023-12-11 19:24:38 UTC

1the government spends $ on items to support the eco and people of the US of oil.

2The gov spends money also on interest to cover debts.

3: defecit= less then collects

4:surplus more then collect

5:2023=spent 6 tril=deficit

6:spending overs many things including SS medicare mil equipment highway maintanance construction and research

7:obligations=when gov promises to spend $ in future

spending catagories

babohannon — 2023-12-11 19:29:54 UTC

1: budget devived in 20 categories

2: categories organize spending into topics

3: Gov buys products like servivces to serve people

4:SS=25%

5:national defense=19%

6:interest=16%

7:sometimes obligations do not show up in data till sent

The Difference Between Mandatory, Discretionary, and Supplemental Spending

babohannon — 2023-12-11 19:37:33 UTC

1: gov spending=2 categories

2:mandatory spending=2/3 budged

3supp spending=laws passed to adress needs that happened after the FY began

5: mandatory set by law

6: discresstionary spending set by congress and biden joe

7:supplemental spending covers events that happened and cant wait

8: exampe=bovid

spending trends over time and the us eco

babohannon — 2023-12-11 19:41:38 UTC

1:spending=23% of total GDP

2:"One of the reasons federal spending is compared to GDP is to give a reference point for the size of the federal government spending compared with economic activity throughout the entire country."

3:GDP increased over 8 years

4: spending increased but on decline over several years