The Federal Government Has Grown 7 Times Larger Since The FDR Presidency
Article from CNSNews by Terrance P. Jeffrey.
Real per capita federal spending has increased more than sevenfold since fiscal 1941, which concluded on June 30 of that year — or about five months before the Japanese bombed Pearl Harbor.
In fiscal 1941, real per capita federal spending was approximately $1,718. In fiscal 2017, which concluded at the end of September, it was about $12,239.
Back in 1941, at the beginning of Franklin Delano Roosevelt’s unprecedented third presidential term, the federal government spent $13,653,000,000, according to the White House Office of Management and Budget. Although that was a massive increase from the $4,598,000,000 the federal government had spent in 1933, when Roosevelt first took office, it was a pittance compared to what it would spend in the years to come.
The national population was about 133,402,471 in 1941, according to the Census Bureau, which means the approximately $13,653,000,000 shoveled out by the Treasury that year equaled $102.34 per capita. Converted into September 2017 dollars using the Bureau of Labor Statistics’ inflation calculator, that equals $1,718.33 in real per capita federal spending.
Read the entire article at CNSNews.
Image Credit: By Gregory Varnum (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons