US Government Is World’s 3rd Largest Economy
Monday’s open enrollment deadline for ObamaCare, which, with its subsidies and tax credits, represents the largest expansion of government, is a good time to assess the total scale of government in the US.
Appreciating the full scope of the US government is difficult, because its activities are undertaken at the federal, state, and local levels. Adding all of this together, government in the US consumes more than $6 trillion a year. This makes the US government the world’s 3rd largest economy.