I would like tentatively to share the insights of Mr. Peter Huessy, President of Geo-Strategic Analysis of Potomac, Maryland and Senior Fellow at the Hudson Institute and Non-Resident Senior Fellow at the Atlantic Council.
Over the past three years, the U.S. Congressional Budget Office reports that the United States government has spent on average $11.8 million every second, $707 million every hour, $16.9 billion every day, and $6.2 trillion every year.
By comparison, when President John F. Kennedy was in office, at the height of the Cold War and amid concerns over missile and bomber gaps and Soviet nuclear-tipped missiles in Cuba, the U.S. government spent $186,000 per second, which projects to a 6,174 percent increase in government spending over the past sixty years.
