opinion
Our Government Spent $19,762 Per Person Last Year. That Compares to $780 Back in 1920.
Two years after World War I ended—in fiscal year 1920—the federal government spent approximately $6,358,000,000, according to Historical Table 1.1 published by the White House Office of Management and Budget. At the same time, the government collected approximately $6,649,000,000 in taxes—and ran a surplus of $291,000,000. When that federal spending of $6,358,000,000 is adjusted for…