Letter Re: Gauging Government Over-Spending
Dear Mr. Rawles, Thank you for your hard work on the blog. I did some thinking and research today concerning the Federal budget and want to share what I found with you. How much does the Federal government spend and how do we put this into context? There are several ways to look at this data. First, one can compare the dollars spent today versus those spent in 1962. Using the data from supportingevidence.com, I found: The government spent $106,821,000,000.00 in 1962 (106 billion dollars) according to http://federal-budget.findthebest.com/detail/64/1962. However, adjusted for inflation this would be about 700 billion dollars. The …