Thursday, August 27, 2009

Scary Stats on Growing Federal Government!

Sobering stats: this year the federal government will:
  • spend $30,958 per household
  • tax $17,576 per household
  • borrow $13,392 per household
Federal spending, in particular, will
  • be increased by 22%
  • account for 26% of the gross domestic product (GDP)
By 2019, we'll be spending almost $800 billion just to pay net interest on our debt.

And none of these estimates include the cost of health-care reform!

(HT: Justin Taylor)

1 comment:

Ruben said...

that is just ridiculous!