re: trouble at mill: fed gov spending report Federal Government Spending Report
~ A Summary ~
by Michael W. Hodges, Author
Grandfather Economic Report
June 20, 2006
(The Grandfather Economic Report is a series of reports examining economic conditions facing families and youth,
compared to prior generations. This is the summary page of the chapter on Federal Government Spending.
State & Local Government Spending is covered in a separate chapter)
FY 2005 Federal Govt. Spending of $2.5 Trillion Consumed > 26% of the Economy, or $8,805 per man, woman and child, or 36% of the economy counting regulatory compliance. The Social Spending portion consumed 58% of the total, and has increased 14 Times Faster Than The Economy and - individual incomes pay 82% of all federal revenue compared to a 51% share in 1950
http://www.financialsense.com/editorials/hodges/2006/0620.html
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