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Real Federal Spending Up $822.90 Per American Since 2008

Posted By admin On February 23, 2013 @ 8:41 am In Money Watch | Comments Disabled

Terence P. Jeffrey
CNS News [1]
Feb 23, 2013

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 [2] and $3,538,446,000,000 in 2012 [3], 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.

Full article here [1]


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URLs in this post:

[1] CNS News: http://cnsnews.com/news/article/real-federal-spending-82290-american-2008

[2] in 2008: http://www.fms.treas.gov/mts/mts0908.pdf

[3] in 2012: http://www.fms.treas.gov/mts/mts0912.pdf

[4] Obama Increased Real Defense Spending by More Than 10 Percent: http://www.prisonplanet.com/obama-increased-real-defense-spending-by-more-than-10-percent.html

[5] Spending Cuts? Federal Spending Will Be Higher in 2012: http://www.prisonplanet.com/spending-cuts-federal-spending-will-be-higher-in-2012.html

[6] American Spending Goes Into Overdrive As Savings Plunge To 2008 Levels: http://www.prisonplanet.com/american-spending-goes-into-overdrive-as-savings-plunge-to-2008-levels.html

[7] Planned Parenthood’s Federal Funding Rose to $363.2 Million in FY 2008-2009, Aborted 324,008 Unborn Children in 2008: http://www.prisonplanet.com/planned-parenthoods-federal-funding-rose-to-363-2-million-in-fy-2008-2009-aborted-324008-unborn-children-in-2008.html

[8] Bankster Bailouts Of 2008/9 Exceed Over 200 Years Of Major Government Spending: http://www.prisonplanet.com/bankster-bailouts-of-20089-exceed-over-200-years-of-major-government-spending.html

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