Total Government (Federal + State + Local, including Military) Spending
Has Risen to 82% of Median Household Income”*, Up from 51% in 1967
Real USA Government Spending per Household and as Percent of Post-Tax Median Annual Household Income, 1967 — 2010
$50,000 ----------- === += 22222 ee eee eee eee 100%
$40,000
$30,000 60%
$20,000 $i a it TELE LLL ao,
of Median Household Income (%)
$10,000 | at it SEE EELELLD oxo,
Total Government Spending per Household ($) Government Spending per Household as %
$0 0% 1967 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009
mam Real Government (Federal+State+Local) Spending per Household ($) —— Government Spending per Household as % of Median Household Income (%)
Note: *Post tax. Real spending adjusted for inflation using BEA’s GDP price index, in 2005 dollars. Data source: Census Bureau,
P Bureau of Economic Analysis. (@)E) www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 331
Federal (Including Military) Spending Has Risen to 65% of Median Household Income”,
Up from 39% in 1967, Driven by Entitlement Spending + Interest Payments
Real USA Federal Spending per Household and as Percent of Post-Tax Median Household Income, 1967 — 2010
$40,000 ---------------- 2-222 222 e eee nee ee ee ee eee ee eee een eee eee 70%
60%
$30,000 -------------- ++ - 22 nee neen mg -
50% 40% | ae : E E p l | i | Tait I 30% 209 $10,000 - Hild ! : 4 | | i { ll I WEEE l i) 10% $0 T T T T T T T T T 0%
1967 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 man Entitlement / Interest Payments / One-Time Real Federal Spending per Household mam Real Federal Spending per Household (ex. Entitlement / Interest Payments / One-Time Items) —— Federal Spending per Household as % of Median Household Income (%)
Federal Spending per Household ($) Federal Spending per Household as % of Median Household Income (%)
Note: *Post tax. Real spending adjusted for inflation, in 2005 dollars. Data source: White House Office of Management and
KP Budget, Census Bureau, Bureau of Economic Analysis. (@E) www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 332
HOUSE_OVERSIGHT_021007