Everyone throws around $1.5 Trillion
dollars as the size of the Federal Budget for 2013.
It occurred to me, that Inflation is never taken into account.
My Proverbial Bag of Cat Food, that cost $5 in 1995, now costs closer to $20.
I would assume that the same holds true for the Federal Government...that it simply takes more Dollars if diminishing Value, to run the Government.
Here's the Inflation Calculator
http://www.usinflationcalculator.com/
Here's the cut and paste, for the current Budget, in 1984 Dollars:
It occurred to me, that Inflation is never taken into account.
My Proverbial Bag of Cat Food, that cost $5 in 1995, now costs closer to $20.
I would assume that the same holds true for the Federal Government...that it simply takes more Dollars if diminishing Value, to run the Government.
Here's the Inflation Calculator
http://www.usinflationcalculator.com/
Here's the cut and paste, for the current Budget, in 1984 Dollars:
Inflation Calculator |
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If in2013 |
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I purchased an item for $1,500,000,000,000.00 |
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then in1984 |
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that same item would cost:$666,375,915,545.35 |
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Cumulative rate of inflation:-55.6% |
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This is very interesting....The Current
Budget , in 1984 Dollars is $666 Billion.
In 1984...also in 1984 Dollars....Reagan's Budget was:
In 1984...also in 1984 Dollars....Reagan's Budget was:
$851,805,000,000 |
It costs more to run a country...not
because of President Obama's profligacy...but because the Dollar is
worth less.
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