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https://libertarianinstitute.org/articles/what-is-government-costing-your-family/

by Thomas Eddlem

What would you do if the government came to you and said your family owes it $75,000 this year, and every year, adjusted upward for inflation?

You might respond “I can’t afford it.”

Don’t worry, you are already paying that.

That’s the price the average American household is already paying (or borrowing on behalf of) your government. You read that right, the average family.

According to the Congressional Budget Office, the federal government will spend $6.88 trillion in fiscal 2024 (which ends October 1), including $1.99 trillion in deficit spending. The U.S. Census bureau says there are 131.4 million households or 84.3 million families in America, using 2023 (the latest) numbers. I’ve recorded both for the chart below, and the differences between the two are that “family” is defined by the U.S. Census as “two or more” people related living in the same household, but “household” is simply all the people (including roommates, dormers, foster children, etc.) living in the same place. Household is more numerous largely, but not only, because it counts people living in a home alone.

So the cost of the federal government per household is about $52,400 and per family it’s $81,600.

The Commonwealth of Massachusetts, where I live, will spend $56.6 billion this year, including $13.7 billion in federal aid.

See the rest here

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