Washington’s Budget “Cuts” Would Boost Spending 50%


Washington’s Budget “Cuts” Would Boost Spending 50% – Yahoo! News.

“Large as “cuts” of $2.9 trillion might appear, in fact they’re minuscule compared to Washington’s embedded (“baseline”) plan to spend $45.8 trillion over the coming decade (2011-2021), as recently forecasted by the independent Congressional Budget Office (CBO). In the past decade (2001-2010) Washington spent $28.3 trillion, so “baseline” outlays in 2011-2012 would entail a increase of 62%. That’s not the biggest spending boom in U.S. history, but neither would it be anything close to “austerity,” as many critics claim.”

It’s called perspective. Facts are meaningless without it.

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