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Federal revenues up, federal spending up, federal debt up

Federal revenues up, federal spending up, federal debt up

(Illustration by Krieg Barrie)

106%

The U.S. federal debt as a percentage of GDP in 2019. It is the highest percentage since the federal debt was 119 percent of GDP in 1946, when the country was beginning to demobilize from fighting World War II. Fifty years ago, in 1969, the federal debt was 35 percent of GDP, and in 1989 it was 50 percent of GDP. By 2009, the debt had reached 83 percent of GDP, and it surpassed 100 percent of GDP for the first time since 1947 in 2014. In most years, federal revenues increased as the debt was building, but not by enough to catch up with federal spending.

$506.7

The increase (in billions of dollars) in federal spending in 2019 compared with 2012 in constant dollars, according to the Tax Policy Center.

$691

The increase (in billions of dollars) in federal receipts in 2019 compared with 2012 in constant dollars, according to the Tax Policy Center.

$14,652

Federal spending per capita in the current fiscal year, according to a New York Times analysis.

$1,441

The increase in inflation-adjusted federal spending per capita since 2016, when Donald Trump was elected president, according to the Times.