Today’s Treasury report that Washington is on a record spending pace so far this year — $1.8 trillion so far — includes one other shocking nugget: in all of fiscal 2018, the federal government spent an historic $4.11 trillion.
That spending amounts to more than $12,500 for every person in the United States.
The government website USAspending.gov is flashing it on their homepage.
“In 2018, the government spent $4.11 trillion. USA Spending tracks federal spending to ensure taxpayers can see how their money is being used in communities across America. Learn more on how this money was spent with tools to help you navigate spending from top to bottom,” is the top headline.
It links to the Treasury report which showed tax receipts of $3.3 trillion, making for a deficit of $778 billion
The reports showed a spike in spending after former President Barack Obama took office, and it is now going through another jump under President Trump.
In fiscal 2008, for example, outlays totalled $2.9 trillion. At the end of the Obama era, they were $3.8 trillion.
