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A Century of Federal Spending

Here’s an eye-opening chart from our friend Chris Edwards at Cato.

Taxes in real dollars and as a share of GDP are close to being higher now than at any time in history. Defense spending is historically low while non-defense spending has exploded to 18.6% of GDP, up from 12.6.% in 2000. There’s your culprit.  Biden’s budget calls for $500 billion more in 2025.

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