The Federal Government Spent $19,762 Per Capita in FY2020
Terry Jeffrey | Jul 15, 2021 12:01 AM
Two years after World War I ended -- in fiscal 1920 -- the federal government spent approximately $6,358,000,000, according to Historical Table 1.1 published by the White House Office of Management and Budget.
At the same time, it collected approximately $6,649,000,000 in taxes -- and ran a surplus of $291,000,000.
When that federal spending of $6,358,000,000 is adjusted for inflation from June 1920 dollars (the last month of that fiscal year) to June 2021 dollars (the latest month that can be calculated using the Bureau of Labor Statistics inflation calculator), it becomes $82,652,780,000. . . .
https://townhall.com/columnists/terryjeffrey/2021/07/15/the-federal-government-spent-19762-per-capita-in-fy2020-n2592565
In real dollars, federal spending per capita has increased 25-fold in the last 100 years. If at a bare minimum we can't bring federal spending below 18% of GDP, we are doomed as a nation.
