Need another reason to buy up all the BitCoin you can?
The Congressional Budget Office and the White House Office of Management and Budget have just reported that they project federal spending to top $4 trillion for the first time this fiscal year. You heard that right... 4 trillion dollars.
Good lord!
To be more precise, the "Update to the Budget and Economic Outlook: 2017 to 2027” which was released last week projected that total federal spending in fiscal 2017 will be $4,008,000,000,000, up from the $3,853,000,000,000 that CBO and OMB say the federal government spent in fiscal 2016.
In President Trump’s fiscal year 2018 budget proposal, the Ofive of Management and Budget says that federal spending in fiscal 2017 will hit $4,062,000,000,000.
So the $4 trillion means the federal government will spend $33,805 this year for each of the 118,562,000 households the US census.