Date: April 27, 2005
Creator: Winters, Philip D
Description: Federal spending has changed, both in size and composition over the last 40 years. Total federal spending is now a larger percentage of the economy (as measured by gross domestic product — GDP) than it was in 1965 (19.8% of GDP vs 17.2% of GDP). Mandatory spending (generally spending that result from laws other than appropriations acts, such as Social Security and Medicare), has grown substantially, both as a percentage of GDP and as a percentage of total spending to become, today, the largest component of federal spending. Mandatory spending, without significant changes to the programs composing it, will continue growing as a percentage of GDP and as a percentage of total outlays into the future.
Contributing Partner: UNT Libraries Government Documents Department