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‘Out Of Control Spending’

Discussion in 'Political Discussion' started by Holy Diver, Jul 5, 2011.

  1. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    CHART OF THE DAY: 'Out Of Control Spending' Not Really Out Of Control At All | TPMDC

    In the wake of the Bush tax cuts, and the Great Recession, tax revenue has fallen through the floor to near-historic lows. As a percentage of GDP, it's fallen 24 percent since 2001, and if you correct for inflation, the government is collecting nearly 20 percent less per person than it was a decade ago. At the same time, the population-adjusted costs of mandatory spending programs -- driven by Medicare, including its new prescription drug benefit, and Medicaid -- have increased by over 30 percent. And, of course, defense spending has skyrocketed. But if you isolate domestic discretionary programs, a decade later we're spending no more on a per-person basis than we were back then.

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    Bottom line: Republicans are full of crap...Up to their eyeballs.
     
  2. JackBauer

    JackBauer Pro Bowl Player

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    Reminds me of an amusing quote by Ezra Klein:

     

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