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Federal Spending Up $822.90 Per American Since 2008

Terry Jeffry, of CNS News reported last Friday that using U.S. Treasury and Census Bureau data and after adjusting for inflation, "per capita federal spending went up $822.90 from fiscal 2008 to fiscal 2012."

Per household, that amounts to $2,437.64.

Here's a more detailed look at how he arrived at the numbers:

"On April 1, 2008 (the midpoint in the federal fiscal year which ends on Sept. 30), there were 303,381,938 people in the United States, according to the U.S. Census Bureau, and on April 1, 2012 there were 313,336,712.

"The $3,176,376,470,000 that the federal government spent in fiscal 2008 equaled $10,469.89 for each of the 303,381,938 people who lived in the United States that year. The $3,538,446,000,000 the federal government spent in fiscal 2012 equaled $11,292.79 for each of the 313,336,712 people who lived in the United States that year. (emphasis  added)

"Thus from fiscal 2008 to fiscal 2012 inflation-adjusted federal spending per person increased by $822.90.

"That means that over the past four years, the federal government has increased its spending on average by about another $206 each year for every man, woman and child in the country."

In case you were wondering if the United States has a "revenue problem" or a "spending problem," you weren't paying attention or you must be either a liberal or a progressive. This time read Jeffrey's entire article!

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