NCPA - National Center for Policy Analysis

Clinton's Spending Proposals

February 24, 1997

President Clinton wants the federal government to spend $9 trillion between now and the year 2002.

  • For fiscal year 1998 alone, he would spend $1.7 trillion -- which comes to $25,480 for a typical American family of four.
  • Between now and 2002, the federal government will have to borrow $344 billion.
  • That amounts to $3,440 in new debt on top of the $39,000 the typical American household already owes for past federal services.
  • The net tax cut which Clinton proposes over the next five years is a mere $22 billion.

This means that for every $100 taxpayers send to Washington, they'll get back only 25 cents.

Source: William Beach and John Barry (both of the Heritage Foundation), "Budget Bridge That Needs Work," Washington Times, February 24, 1997.

 

Browse more articles on Tax and Spending Issues