Wednesday, October 12, 2005

Basic Budget Facts

This from Andrew Sullivan's Daily Dish. BTW, he's Republican.

The Bush explosion of government spending needs more exploration. Heritage has put together a PDF document you can find here with all the relevant facts - from the government's own records. Some data: Washington now spends a record $22,000 a year per household. Defense and 9/11-related spending accounted for less than half the growth in spending between 2001 and 2003. Overall federal spending is accelerating in Bush's second term, not declining as he promised. Entitlement spending is set to explode in the next decade or so - requiring massive spending cuts, huge tax hikes, or real entitlement reform. Bush has made the entitlement problem far worse rather than better in his first five years. Under the post-1994 Republican Congress, pork barrel spending has gone from around $10 billion to $25 billion today. The number of "earmarks" under today's Republicans has gone from 1,439 in 1995 to 13,999 this year so far. The feds cannot account for $24.5 billion spent in 2003. This is what big government conservatism does for you. Happy now?

3 comments:

Anonymous said...

What happened to the light hearted commentary on non-political topics?
This can't be good for your state of mind, getting wrapped up and emotionally connected to these political topics must be draining, this crap has been going on forever on both sides of the fence, it will never change.

Howard said...

I'll work on it :)

Anonymous said...

Now THAT'S what I'm talking about, the PowerPoint Slide was great. ;)