Question of the Day

In 2007 (the year the Great Recession began), federal spending was $2.85 trillion. Adjusting for inflation, was federal spending in 2013 higher or lower than in 2007?

Correct Answer

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In 2013, federal spending was $3.88 trillion or 13.5% higher than in 2007 when adjusting for inflation.

DocumentationFederal ExpendituresDebunking Federal Spending Myths

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