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
