Tuesday, June 17, 2008

The Price of Things

I posted the rate of growth for the Federal Government here, over the last 30 years.

Federal Government Budget (Current Dollars):

1978 446 Billion
2008 2.651 Trillion

593% increase.

Oil (Current Dollars):

1978 $48
2008 $135

281% increase.

Gas (retail current dollars):

1978 $2.10
2008 $4.05

192% increase.

Over the last 30 years, our Federal Government has increased at 3 times the rate of gas prices.

So where is the concern about the growth of the federal government?

Data Source: Inflationdata.com

No comments: