FY2005 Government Cost Calculator

The US Senate has passed the FY2008 Budget. The spending addiction is very dangerous. These figures have gotten so high that most people cannot comprehend the numbers. Billions (thousands of millions) have given way to trillions (millions of millions).

In order to get a comprehensible grasp on Federal spending, I have written this page to scale the numbers down to match your annual earnings. This is how Washington would budget your spending. If the US government was a person, I would advise financial counseling and introduce it to the Dave Ramsey show!!!

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Enter Your Annual Earnings $	(Census Data - FY2005 avg household income - $46,326)
Fiscal Year

	Federal Spending ^*	Federal Spending Scaled to Your Earnings	% of Earnings
Amount Earned (Revenues)	$	$	%
Amount Spent (Outlays)	$	$	%
Amount of New Debt (Deficit)	$	$	%
Total Debt (Public Debt)	$	$	%

( What is your "fair share" of the tax burden? Find out HERE )

The Government approved budget would spend % more than you earned for the year!!!

Your total debt load would be times your current annual earnings!!!

Most of the debt is spent on items that are not assets. The debt is not like a mortgage on a house. If a bank forecloses on a mortgage, the house is sold to cover the balance.

Government debt is more like credit card spending. Once the money is spent, there is nothing to show for it. Based on the current debt load, no bank in the world would loan you money!!! Your credit score would be extremely sub-prime!!!

For an individual or family, this budget is the road to bankruptcy.

Government Spending Addiction