alt Hacker NewsSide note: The federal government costs about $19 billion per day to operate based on an annual budget of roughly $7 trillion.
So $1 billion is about equal to 4 hour hours of government spending.
Replies
mmooss • today at 3:09 PM
> The federal government costs about $19 billion per day to operate based on an annual budget of roughly $7 trillion.
$7 trillion is not operating expenses. Much goes into assets that are retained decades or more. The Interstate Highway System isn't an operating expense.
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ImPostingOnHN • today at 2:48 PM
Yikes, that is a lot.
Operations is about 1/4 of the budget ($1.75T), and half of that is DoD. 60% is payments for entitlement programs like Social Security, Medicare, and Medicaid. The remaining 15% is debt service.