The Future Course of Federal Spending
Not having looked closely at either of the proposed budgets for the decade ahead, no keen insights will be offered as to the merits of either President Obama’s plan or the one offered yesterday by Rep. Paul Ryan, but, as shown below from this story over at the Cato@Liberty blog, either way, we’re looking at government spending of $5 or $6 trillion before long.
Note: There’s a neat interactive graphic on this subject at the Washington Post.
I’m not sure if it says more about the U.S. dollar or about U.S. government spending, but it wasn’t that long ago when federal spending in the $2.5 trillion range was being decried as reckless and irresponsible, setting the nation on a course certain to end in disaster.
Read more at The Mess That Greenspan Made
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