CHART OF THE DAY: ‘Out Of Control Spending’ Not Really Out Of Control At All
by Brian Beutler
July 4, 2011
It's taken as an article of faith in D.C. that government has gotten too big, spending is out of control, and Washington has to tighten its belt, just like everybody else. Even President Obama takes this view.
This has meant no small consequences for the federal budget. In the spring, Republicans launched an effort to slash tens of billions of dollars from non-defense discretionary programs -- money the government approves every year to pay for social services and other programs -- from the federal budget. That campaign almost ended in a government shutdown.
That same sliver of the budget is again under attack in the fight over whether to raise the national debt limit. Republicans want to reduce overall domestic spending and cap it for years going forward, so it can't exceed a set level. That means as time goes on, the population grows, and the cost of goods and services increases, the government will be spending less and less on the people who rely on these programs over time.
But a close look at the numbers reveals a few important, and frequently overlooked facts. Domestic discretionary spending is a small sliver of the budget. 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...
For the full article, go to:
http://tpmdc.talkingpointsmemo.com/2011/07/chart-of-the-day-out-of-control-spending-not-really-out-of-control-at-all.php
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