There's NO DOUBT that we are heading in the same direction as Europe...and at an extremely fast pace....Time to STOP the SPENDING...it's the problem, not the revenue!
'U.S. Spends More Per Person than Portugal, Italy, Greece, or Spain'
9:02 AM, May 16, 2012 • By DANIEL HALPER
The Republican Senate Budget Committee will release this new chart later today, showing that the "U.S. Spends More Per Person Than Portugal, Italy, Greece, Or Spain."
According to the chart, the U.S. spends $20,000 per person, while Italy spends $16,900, Spain $13,100, Greece $12,500, and Portugal $10,200.
These dollar amounts "Includes spending from federal, state, and local government," according to a note on the chart. "2011 general government expenditures per person, in nominal U.S. dollars."
The chart is based on numbers from the World Economic Outlook produced by the International Monetary Fund.