What if a typical family spent like the federal government?
The idea here seems to be that the U.S. government is taking on a lot of debt. True, the typical American family also takes on lots of debt through mortgages and the like — the median debt burden is about $70,000 — but U.S. government borrowing is even more massive than that.
On the tax dollar the US government spend 45% on medicare, social security and 38% on defense, veterans, and 1% on educating of the future generations!
According to the Heritage Foundation released its 2013 "Federal Spending by the Numbers" report.
