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Total Social Spending and Federal Tax Burden on Families with Children

Total Social Spending and Federal Tax Burden on Families with Children
Total Social Spending GDP Growth Tax Burden
Year Billions of Constant (1990) Dollars Percent of GDP GDP (billions) Per Capita Income
1960 143.725  6.73 1,970.8 10,903 12
1965 187.998  6.96 2,470.5 12,712 14
1970 301.129  9.33 2,873.9 14,013 16
1975 479.839 13.03 3,221.7 14,917 18
1980 584.839 13.58 3,776.3 16,584 24
1985 683.254 13.93 4,279.8 17,944 24
1990 787.000 14.40 4,877.5 19,513 24 
	Social Spending Source: U.S. Dept. of Health and Human Services
	GDP Growth Source: U.S. Dept. of Commerce
	Federal Tax Burden Source: The Heritage Foundation

Clearly, we are spending more than enough on entitlements. Think of how much families would benefit if their tax levels were smaller by 24% of their income! By assuming that we can't save for our own retirement or help those in need, we've decided to bankrupt our country in order to "fix" the problems we assume will not be fixed without the government.

Funny, but we managed to stumble along for 150 years before huge government programs came along. Our times of greatest prosperity this century have come when we've reduced the relative burden of taxation. That should tell us all what the right course is.

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