Brian Riedl June 16, 2020


In 2020, the federal government is projected to spend $49,000 per household—by far the largest total ever, in nominal terms. Federal spending is projected to rise to nearly 29% of the economy, while revenues are projected to collapse to just 10% of the economy.

Brian Riedl is a senior fellow at the Manhattan Institute. He is the author of the new report, “Coronavirus Budget Projections: Escalating Deficits and Debt.”  Follow him on Twitter @Brian_Riedl.

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This article originally appeared in  Economics 21 and is republished with permission from our friends at the Manhattan Institute for Policy Research.