Good question. Part of the difference is I think the difference between total govt (state + federal) outlays and just federal outlays. But I don’t think that would explain all of the discrepancy.
Your question reminds me that I had a discussion with someone else who was skeptical about this graph, and made a note to dig deeper, but never got around to it. I’ll chase this up a bit now and see what I find.
Good question. Part of the difference is I think the difference between total govt (state + federal) outlays and just federal outlays. But I don’t think that would explain all of the discrepancy.
Your question reminds me that I had a discussion with someone else who was skeptical about this graph, and made a note to dig deeper, but never got around to it. I’ll chase this up a bit now and see what I find.