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Federal, State, and Local Governments spend big Bucks!!By MRNHA AMIGO, Section News
(Promoted by Nick... who'd also like to welcome The Amigo to Right Michigan! Great to have you and looking forward to what promises to be a unique perspective!)
Do you know how much your federal, state, and local governments spend per year??? Most people don't. Read more below...
From a US GDP (pretty much all US things that are bought, sold, and income) perspective our US GDP is about $13 Trillion dollars. It is the largest economy of any country on the planet. Guess what amount of that 13 Trillion is our federal government...Around $3 Trillion dollars. That's right about $3 Trillion dollars from our Federal Government. Congress and our President Bush are working to pass a 3.1 Trillion dollar budget of our US Government. Please look at this great wall street journal article that shows the breakdown in spending and check out the charts http://online.wsj.com/article/SB120217140388342579.html.
Also remember that the State of Michigan's budget is about $42.8 Billion (look here for growth http://www.migop.org/GranholmSpendingGfx.jpg ) and growing (faster than people leaving our state). People have told me "I don't get into politics" ...... My answer to them is ....We make an income and are taxed on our salaries, what we buy, what we sell, our homes, when we die, ..... the government collects all these taxes from everyone(numbers above) and "decides" how to best to spend it in our "in our best interest". I would say we have a duty as American citizens to understand how this is spent and raise our voices to make sure it is prioritized, budgeted, and spent properly and efficiently.
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