In 2010, the US government will spend more than $30,000 US Dollars (USD) per household. The taxes collected per household for the same period total about $17,800 USD. The variance adds about $12,700 USD per household to the US deficit.
More Spending Facts:
- Between 2000 and 2010, the US government spending per household increased almost 40 percent.
- The 2010 US deficit of 1.5 trillion USD is 10.3 percent of the Gross Domestic Product (GDP) — a ratio not seen since World War II, when it reached a whopping 28 percent.
- In 2010, 40 cents of every dollar the US government spends came from a loan.
- Since 2008, US government spending has outpaced inflation by 19 percent.