How Much Government Can We Afford?

The Treasury reports that for the Fiscal Year that ended on 30 September the U. S. Government had revenues of 2.77 trillion dollars. The deficit for the same period was around 680 billion bucks.

How much government could we have bought with that money without going into the red?

According to figures posted at the Tax Policy Center website, 2.77 trillion dollars would have covered all federal spending in FY 2007 (corrected for inflation) with a surplus of around 40 billion dollars.

I don’t know about you, but I felt like I had more government than I really needed in 2007.

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