Saturday, February 28, 2009

Obama's Budget: Staggering!

From Toby Harnden, blogger for the Daily Telegraph
So how much will President Barack Obama’s budget cost us?
The projected 2010 budget of $3.552 trillion can be found on page 114 of the “New Era of Responsibility” budget here.
The US Census bureau
estimates that the current US population is 304,059,724. Dividing the $3.552 trillion by that gives us close to the $11,833 that Drudge came up with.
ABC’s Jake Tapper reports that there wil be $989 billion in new taxes over the next decade.
I’m an American taxpayer and the starkest figure is what this could cost me.

The latest figure I could find for the number of US taxpayers is 138,893,908 returns in 2007 here.
By my reckoning, that’s $25, 573.48 each.

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