federal spending

Federal Spending and Deficits

Spending and deficits used to be a battleground in federal elections as each party suggested reforms and blamed the other for fiscal irresponsibility.

Federal Spending Hits $6.6 Trillion

The Congressional Budget Office has released new estimates. Federal government spending jumped from $4.5 trillion in fiscal 2019 to $6.6 trillion in fiscal 2020, as shown in the chart below. That huge increase was financed by borrowing, the costs of which will land on taxpayers down the road.

Presidential Spending Update

Federal spending is rising and the government’s debt is growing by a trillion dollars a year.

Federal Spending Tops $5 Trillion

The Congressional Budget Office and the Office of Management and Budget both project that federal government spending will be about $4.6 trillion in fiscal year 2020.

Winner and Loser States from Centralized Government

Ninety years ago, two-thirds of government spending in America was state-local and one-third was federal. Today, it is the reverse with about two-thirds federal and one-third state-local.

Budget Projections Show We’re Headed to Poorhouse

New projections show a grim fiscal future and crushing debt burdens on young Americans.

CBO Report: Spending Blasts Off

If Congress makes no reforms, federal spending is expected to rise from $4.14 trillion this year to $7.05 trillion by 2028.

Federal Spending Rescission

Worried that their spending spree in the recent omnibus bill will suppress conservative turnout at the polls this November, Republicans are now considering a “rescission” package.

Who Would Want to Be the Next President?

The next president will come into office in early 2021, and the nation will be facing the most dangerous budget situation in peacetime history.

Omnibus Outrage

Congress has passed a giant omnibus spending bill with large increases for every federal budget area. If Trump goes along with the GOP leadership and hikes spending, it would cut his cabinet secretaries off at the knees.

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