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pantslessprogressive: firthofforth: CHART OF THE DAY: ‘Out Of Control Spending’ Not Really Out Of Control At All “Our deficit and debts can be traced to the fact that spending on entitlement programs and defense has shot up, and tax revenues have plummeted to their lowest level in decades. But spending on domestic discretionary programs has grown much more slowly. And, if you correct for inflation, and for growing population, it turns out we’re spending exactly the same amount on these programs as we were a full decade ago.”  If you know NOTHING ELSE about the federal budget, know this. ^

pantslessprogressive:

firthofforth:

CHART OF THE DAY: ‘Out Of Control Spending’ Not Really Out Of Control At All

“Our deficit and debts can be traced to the fact that spending on entitlement programs and defense has shot up, and tax revenues have plummeted to their lowest level in decades. But spending on domestic discretionary programs has grown much more slowly. And, if you correct for inflation, and for growing population, it turns out we’re spending exactly the same amount on these programs as we were a full decade ago.”

 If you know NOTHING ELSE about the federal budget, know this. ^

(via pantslessprogressive)

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This post has 31 notes
Posted at 10:16 AM 05 July 2011
  1. extremedream reblogged this from resurrecthobbes
  2. resurrecthobbes reblogged this from pantslessprogressive and added:
    Relevant.
  3. other-stuff reblogged this from purplegem
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  5. catchalls reblogged this from pantslessprogressive and added:
    pantslessprogressive |
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  9. liberalgirl reblogged this from pantslessprogressive and added:
    If you know NOTHING ELSE about the federal budget, know this. ^
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  12. purplegem reblogged this from pantslessprogressive
  13. pantslessprogressive reblogged this from firthofforth and added:
    “Our deficit and debts can be traced to the fact that spending on entitlement programs and defense has shot up, and tax...
  14. firthofforth posted this
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