<p>Does America have a $477 billion budget deficit because Washington spends too much? Or because it taxes us too little?</p>
<p>Before you answer, consider the following two facts: First, federal spending recently topped $20,000 per household for the first time since World War II and will expand another $1,370 this year. Second, the federal government cannot account for $24.5 billion it spent last year.</p>