The United States spends nearly as much as GDP on government as "socialist" Europe.
Amazing, the US is at 42% and the Biden/Harris spending tsunami of government spending has not even started.
The "capitalist" United States spends 42% of GDP on government, "communist" China is 33%, Ireland spends 25%.
United States is similar to Spain and Germany on government spending percent of GDP.
Disclaimer, that the China and Europe numbers are for 2018/2019.
The expensive housing and tremendous health care plus intellectual property bloats the GDP, so in reality the United States is likely a bigger spender.
No matter how much the United States spends the results will be terrible.
8.8 trillion dollars of government out of 21 trillion or 42% of the economy.
https://www.heritage.org/index/country/china
https://www.cato.org/blog/government...top-9-trillion
https://www.europarl.europa.eu/RegDa...)634371_EN.pdf
https://www.bea.gov/news/2020/gross-...cond%20quarter.
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