[I]t took 16 years for the federal government to go from spending $1 trillion a year to spending $2 trillion a year (that's 28 years, if you look at the data in real dollars). It only took seven years for the federal government to go from spending $2 trillion to spending $3 trillion (that's six years in real dollars).Read it and weep... or hide.
And now listen to this: Without taking into consideration how much health-care reform — or any of the other crazy new programs the administration is likely to come up with in the next few years — is going to cost, it will only take five years for the federal to go from spending $3 trillion to spending $4 trillion. And another five years to go from spending $4 trillion to $5 trillion...
Saturday, October 24, 2009
Rate of Federal Spending Increases, Yikes!
In case you just want to wake up in a big damn hurry, here's a brief post from the ever-reliable Veronique de Rugy on the increasing rate of U.S. Federal spending: