The National Review Online staff has come up with some startling statistics. I re-post some of them here for your consideration. Think about these numbers. You can get a fuller report at The Corner.
‘New Budget Estimates Show Unsustainable Spending and Debt’ [NRO Staff]
Some highlights from Brian Riedl’s Heritage Foundation analysis:
— This year, Washington will spend $30,958 per household, tax $17,576 per household, and borrow $13,392 per household. This spending is not just temporary: President Obama would permanently keep annual spending between $5,000 and $8,000 per household higher than it had been under President Bush.
— The White House projects $10.6 trillion in new deficits between 2009 and 2019—nearly $80,000 per household in new borrowing.
— None of these estimates include the cost of health reform.