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The US government will spend over $30,000 per household in 2010, with taxes collected at $17,800. The deficit is $12,700 per household. US government spending per household increased 40% between 2000 and 2010, and the deficit is 10.3% of GDP. 40 cents of every dollar spent is from a loan, and spending has outpaced inflation by 19% since 2008.
In 2010, the US government will spend more than $30,000 United States Dollars (USD) per household. Taxes collected per household for the same period total approximately $17,800 USD. The variance adds about $12,700 USD per household to the US deficit.
More spending facts:
Between 2000 and 2010, US government spending per household increased nearly 40%.
The 2010 US deficit of $1.5 trillion is 10.3 percent of 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 spent came from a loan.
Since 2008, US government spending has outpaced inflation by 19%.
