Taxpayers filing their 1040s are likely wondering just where all their hard-earned tax dollars are going, anyway.
Washington will spend $31,406 per household in 2010 — the highest level in American history (adjusted for inflation).
It will collect $18,276 per household in taxes.
The remaining $13,130 represents this year's staggering budget deficit per household, which, along with all prior government debt, will be dumped in the laps of our children.
Government spending has increased by $5,000 per household since 2008, and nearly $10,000 per household over the past decade.
Yet there is no free lunch: If spending is not reined in, then eventually taxes must also rise by $10,000 per household.
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