Tuesday, April 13, 2010

$31,406 per household

The folks over at Heritage have taken the actual US federal government budget and broken it down by household. It makes it a bit easier to understand than all of the billions and trillions.

The federal government is spending $31,406 a year per household.

They are collecting $18,276 a year per household.

Meaning there's a shortfall of $13,130 per American household.

How many of us believe they'll close this gap by spending less?

Now, how many of us believe they'll raise tax rates and create new revenue streams like the Value Added Tax?