Show Utah Foundation Reports i I Government r spending in US U.S. totals 2939 per capita Expenditures by Federal state and local government units wits throughout the United States in fiscal 1976 totaled billion According to an analysis prepared by Utah Foundation the private research organization this figures out to be 2939 for everyman everyman every everyman man woman and child residing in the nation that year The Foundation study shows that governmental expenditures ex expenditures ex have risen I dramatically over the past quarter century and that the rate of increase in such government spending has accelerated since 1965 Part of this acceleration js accounted for by the higher rate of inflation in in- nation experienced in recent years but part is due to the proliferation and expansion of new government programs According to the Foundation report the I Federal Government Government Govern Govern- ment meat accounted for billion or percent of all government spending in the theUS US U.S. last year Approximately billion of this Federal expenditure total however represents grants and aid distributed to other governmental govern mental units Direct expenditures ex expenditures ex ex- tures by the Federal I Government therefore were equal to billion or percent of all spending by governmental units emits last year Direct expenditures by state governments totaled 1241 billion 1198 1190 percent of the total while local governments were responsible for 1800 billion 1287 percent of all direct government spending during 1976 Education I has surpassed national rational defense as the leading area of government spending Inthe in inthe inthe the United Stat States The Foundation Foundation Foun Foun- dation report shows that during the he 1976 fiscal year educational expenditures in the US U.S. totaled 1063 billion compared with expenditures of 1004 billion for national defense and in international international international in- in relations Other major expenditure items include include include in in- clude social security old told age survivors disability and health insurance billion public welfare welfare- billion and interest interest interest in in- terest on the general debt billion Total revenue received by all governmental units in the United States last year amounted to This sum was approximately less billion billion less than the expenditure expenditure ex ex- total All of this deficit was accounted for by 1 Federal e d era I G Government 0 vel n men t operations The individual income tax is the leading source of government government government govern govern- ment revenue in the United I States Last year it accounted for 1562 billion or 2773 percent per cent of all revenue received Other important revenue revenue sources include social security taxes billion 1140 percent of the revenue total sales and gross receipts taxes billion 1133 percent property properly taxes billion 1100 percent per cent and corporate income taxes billion 85 percent percent per per- cent Foundation analysts point out that persistent deficits have resulted in a growing government government government govern govern- ment debt At the close of the 76 1975 fiscal year the total direct debt of all governmental units in the US U.S. was listed at billion This compares with an outstanding debt of billion at the end of 1970 1070 billion at the close of 1960 2815 billion at the end of 1950 and billion at the close of 1940 These direct figures do not include contingent or future obligations for under funded government retirement programs guaranteed loans etc Some authorities have placed the total current and contingent liabilities of the he Federal Government alone in excess of 7 5 trillion |