https://en.wikipedia.org/wiki/Govern...ending_GDP.png
IMHO, the key metric in measuring gov't growth is gov't spending as a % to GDP. Look at this historical chart through 2018, and plot 2020's spending of 45.4% onto it to see the most recent trend.
We are quickly closing in on the most gov't spending since WWII.
Gov't is rapidly reaching a point where its the larger than it has ever been, as a percent of America's total economic output. Interest on the national debt is exploding, even at low interest rates. The power of compound interest is working against us, because we are the borrower.
So what?
gov't doesn't produce, or grow, anything in our economy.
only the private sector can take $1, and convert it into $2 (simplified example).
So, if we take 45 cents of every dollar away from the people who can grow it, & instead spend it, we crush our potential for economic growth. We are choking off the Goose that lays the Golden eggs.
We have had anemic GDP growth for years, and this is why.
Government is consuming too much of our output.
If this continues, along with printing Monoploy money, our economy will collapse. The inflation we are seeing is an early warning sign. Usually, in times of high inflation we raise interst rates to reverse inflation.
We can't do that now because it would make our interest payments on our debt to increase...a lot.
The only way I see out of this is to dramatically reduce the size of gov't, and start very soon.
Joe Manchin knows all this, which is why he's stopping Build Back Better.
Entitlements will be means-tested, and dramatically reduced. All forms of gov't spending will be reduced by a fixed % across the board (the penny plan). Mitch McConnell signaled this last week, when he admitted that "our gov't is incapable of balancing the budget, or addressing the debt". Mitch mentioned a Constitutional amendment, and a Convention of States.
That is the only cure for this massively oversized government.