Wednesday, August 3, 2011

Some Economic Facts To Keep In Mind

From ProPublica:

  • The amount of state budget spending that comes from the federal government : about 1/3, or $478 billion in 2010


  • Percentage of Americans' total personal income that comes from federal funds : almost 20 percent


  • Spending cuts in the proposed budget : at least $2.3 trillion over a decade from 2012-2021

  • Things will get worse before they get better.
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