Entitlement spending by governments in the United States has grown from 0.4 percent GDP in 1900 to 19 percent of GDP in 2010.
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> State Finances FY12
US, State Pop FY13
Source: CBO Long-Term Budget Outlook .
First, Fannie Mae made a onetime payment to the Treasury of around $50 billion resulting from a revaluation of certain tax assets that significantly increased its net worth. Second, because both Fannie Mae and Freddie Mac were profitable in 2013, the companies were required to make quarterly payments to the Treasury in amounts related to the increase in their net worth.