Relevant:
- Niall Ferguson: Why the young should welcome austerity
- Voters Prefer Federal Budget With Spending Cuts, No New Taxes (OOPS!)
- US national debt soars by $100 billion. . . in just 8 hours
- The Austerity Myth: Federal Spending Up 5% This Year (State Spending Up Too!)
- Welfare spending jumps 32% during Obama's presidency
2012-05-20 — mybudget360.com
Government spending is redlining as if we were in an economic crisis. But official data states we have been in recovery since the summer of 2009. For each $1 increase in GDP we are now spending some $2.5. From 1975 to 2007 it was rare for this figure to go above $1. However, if we look at the budget more carefully we realize the biggest spending items in the US favor the old and established interests while sacrificing the young
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