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
wpDiscuz
Please tell me how to get back to a white background which is easier to read, and even the print could stand to be a good bit darker which would make it much easier to read also. Thanks, Ron Alford
P.S. Most companies that ask for Website do not make it a requirement, and I don’t know what it is anyway.