In 2014 United States government spending was around 41.6% of GDP. Now it is around 36%. Spending hasn't gone down, but GDP has gone up. That is a good thing.
Total government spending is around 6.7 trillion dollars. With a population of 318.9 million, that works out to over $21,000 for every man, woman and child.
My question is at what point does government spending seem like it is too much? When it is 40% of GDP? How about 50 or 60%?
And does it make sense that the government needs to spend $84,000 for every family of four?
Best wishes,
John Coffey
