from The Epoch Times:
An overview of government spending trends to lend a perspective into the work of the Department of Government Efficiency.
It costs more to be an American now than it did five years ago—more than 50 percent more. The U.S. government spent more than half again as much in 2024 as it did in 2019, and interest payments on the national debt more than doubled during that time, according to the Congressional Budget Office.
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Since 2019, federal spending, the national debt, and the size of the federal bureaucracy have all grown rapidly. Federal regulations also increased over the half-decade, with some 290 additional rules and nearly 10 million words added to administrative law books.
President Donald Trump’s effort to reduce the size and scope of the federal government, mainly through the Department of Government Efficiency (DOGE), has met with some early success. There have also been roadblocks in the form of legal challenges and public protests.
Here’s an overview of recent trends in federal spending, borrowing, and staffing that lend perspective to the scope of current and planned reductions to the federal bureaucracy.
Federal spending grew by about 55 percent from 2019 to 2024. The initial increase appears to have been driven by COVID-19-related spending, which trended down beginning in 2021. Yet even before the public health emergency was declared over in May 2023, spending began to increase again.
