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How America Has Spent Its Money for the Last 50 Years

  • February 2, 20103:30 pm PST
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With Obama's proposed 2011 budget generating a lot of discussion right now, here's some historical context in the form of a handy graph.

outlays

I would have guessed that defense spending had bounced around a lot more, but it's been in relatively steady decline as a percentage of what America spends money on. Health outlays are another matter.

Via Ezra Klein.