Some numbers to digest
Can we say, "unsustainable?"
What the federal gov't cost every household in 2005: $21,800 ($2.4 trillion budget divided by 110 million households)
What the federal gov't will be costing every household by 2016: $25-29,000 (adjusted for inflation)
Cost of everything now which is actually federal tax (on average): 19-22%
Growth in the size of gov't:
Since 2001, 5 years ago: 45% (7.75% annual growth)
Over the past century: 25,000% (5.67% annual growth)
US population growth rate over past century: 1.3% (just 0.92% for 2005, est.)
Nominal growth in per capita GDP over past century (with inflation): 11,760% (4.9% annual growth)
Real growth in per capita GDP over past century (corrected for inflation): 651% (1.9% annual growth)
Real growth in per-capita GDP times population growth: 3.2% (limiting gov't growth to this amount would keep it at zero growth in "real" terms; see various TABOR proposals)
National debt (1986): $2 trillion
National debt (2006): $7.7 trillion ($70,000 per household)
Annual growth of debt, past 20 years: 7.0%
Actual national debt if, as companies are required to do, all future liabilities are included: $72 trillion ($654,500/household!)
What the gov't will be spending every second under Bush's proposed 2007 budget: $87,836
Wake up, people!! You're being robbed blind. Congress may sincerely believe they have the best interests of America in mind, but their actions will bring this country to eventual ruin.
Sources: here, here, here, here, & here.
What the federal gov't cost every household in 2005: $21,800 ($2.4 trillion budget divided by 110 million households)
What the federal gov't will be costing every household by 2016: $25-29,000 (adjusted for inflation)
Cost of everything now which is actually federal tax (on average): 19-22%
Growth in the size of gov't:
Since 2001, 5 years ago: 45% (7.75% annual growth)
Over the past century: 25,000% (5.67% annual growth)
US population growth rate over past century: 1.3% (just 0.92% for 2005, est.)
Nominal growth in per capita GDP over past century (with inflation): 11,760% (4.9% annual growth)
Real growth in per capita GDP over past century (corrected for inflation): 651% (1.9% annual growth)
Real growth in per-capita GDP times population growth: 3.2% (limiting gov't growth to this amount would keep it at zero growth in "real" terms; see various TABOR proposals)
National debt (1986): $2 trillion
National debt (2006): $7.7 trillion ($70,000 per household)
Annual growth of debt, past 20 years: 7.0%
Actual national debt if, as companies are required to do, all future liabilities are included: $72 trillion ($654,500/household!)
What the gov't will be spending every second under Bush's proposed 2007 budget: $87,836
Wake up, people!! You're being robbed blind. Congress may sincerely believe they have the best interests of America in mind, but their actions will bring this country to eventual ruin.
Sources: here, here, here, here, & here.
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