Fed Spends $822 Per Person in 2012

Fed Spends $822 Per Person in 2012

According to a CNSNews report, from 2008 to 2012, federal spending per person increased by $822.90! Meanwhile, President Obama and his liberal allies want us to believe the cuts included in the sequester—which amount to 2.4 percent of the federal budget—will be “devastating.”

(CNSNews.com) – Inflation-adjusted per capita federal spending went up $822.90 from fiscal 2008 to fiscal 2012, according to official data from the U.S. Treasury and the Census Bureau.

Real federal spending also increased $2437.64 per household between 2008 and 2012.

In constant 2012 dollars, the federal government spent $3,176,376,470,000 in 2008 and $3,538,446,000,000 in 2012, according to the U.S. Treasury. (The 2008 spending number was adjusted to 2012 dollars using the Bureau of Labor Statistics inflation calculator.)

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.

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

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

@stevenfoley

A former U.S.Marine, he is the Creator of The Minority Report Network. He is also the Founder and Managing Editor of the Network’s flagship site, www.theminorityreportblog.com, Former Director of New Media for Liberty.com, Former Director of New Media for Liberty First PAC, and the Former Chief Managing Editor of 73Wire.com. Steve is a well respected national conservative blogger who’s dedicated the past several years of his life advancing conservatism online. Recently Steve was instrumental in the development of Liberty.com, Liberty First PAC, The Patriot Caucus, the national campaign trail and grassroots news site73wire.com.

More in

15-0328 Apple_I_Computer

Apple Solves Relationship Problems and Destroys the Need for Feminism

Michael BeckerMar 28, 2015
Former U.S. Secretary of State Hillary Clinton speaks during a news conference at the United Nations in New York

Clinton Lawyer to Trey Gowdy: We Wiped Hillary’s Email Server. Ha Ha Ha.

Michael BeckerMar 28, 2015
15-0328 Hillary email 2

Here’s Two Reasons Why Hillary’s Email Server Was Scrubbed

Michael BeckerMar 28, 2015
Article-II

A Call For Removal

Frank McHaleMar 28, 2015
15-0328 Deadbeat Dad

Man Forced to Pay Child Support for a Child DNA Says Isn’t His

Michael BeckerMar 28, 2015
U.S. Agents Take Undocumented Immigrants Into Custody Near Tex-Mex Border

Texas County Spends Half Its Budget On Dealing With Bodies of Dead Illegals

Michael BeckerMar 28, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

February 2013
M T W T F S S
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
25262728  

Archives

Copyright © 2014 The Minority Report Network