(Bloomberg View) – With tax reform and a looming debt limit on Congress's agenda this fall, we're going to hear a lot of talk about government spending.
So here's a refresher on how the U.S. government actually spends its (our) money:
This exercise in chart-making was inspired in part by an account, from an excellent new profile by Politico's Mike Grunwald of White House Office of Management and Budget Director Mick Mulvaney, of a May meeting between Mulvaney and President Donald Trump:
"Look, this is my idea on how to reform Social Security," the former South Carolina congressman began.
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