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The Federal Government Will Spend $35,148 Per Household in 2019. Here's Where It Goes - Foundation for Economic Education
This year, Washington will spend a staggering $35,148 per household and collect $26,677 per household in taxes.
The resulting budget deficit of $8,471 per household will bring the total national debt to $177,000 per household.
Federal spending has soared nearly $7,000 per household since 2007 and is projected to rise another $7,000 over the next decade (all numbers in this article are adjusted for inflation). Unless spending is reined in, tax increases must eventually result.
And who represents the kids who will inherit much of the bill?
This year, Washington will spend a staggering $35,148 per household and collect $26,677 per household in taxes.
The resulting budget deficit of $8,471 per household will bring the total national debt to $177,000 per household.
Federal spending has soared nearly $7,000 per household since 2007 and is projected to rise another $7,000 over the next decade (all numbers in this article are adjusted for inflation). Unless spending is reined in, tax increases must eventually result.
And who represents the kids who will inherit much of the bill?