Question of the Day

Measured on a per-household basis, what is the combined annual gap between federal, state and local government revenues and spending in the United States?




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In 2016, the gap between federal, state and local government revenues and spending was $849 billion or an average of $6,749 for every household in the United States. Per the U.S. Government Accountability Office, when government spends more than it collects in revenues, the resulting debt is "borne by tomorrow's workers and taxpayers." This burden can manifest in the form of higher taxes, lower wages, reduced government benefits, decreased economic growth, inflation, or combinations of such results.

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