Federal Spending Is Growing Faster Than Federal Revenue
Everyone wants to know more about the budget and here is some key information with a chart from the Heritage Foundation and a video from the Cato Institute.
Since 1965, spending has risen constantly. Federal revenues have dropped recently due to the economic recession, but spending has reached a record high.
INFLATION-ADJUSTED TRILLIONS OF DOLLARS (2010)
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Federal Spending per Household Is Skyrocketing
Federal Spending Grew More Than Ten Times Faster Than Median IncomeIn Depth
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Policy Papers for Researchers
- BACKGROUNDER ON JANUARY 05, 2010Why Government Spending Does Not Stimulate Economic Growth: Answering the Critics
- BACKGROUNDER ON JUNE 01, 2010Federal Spending by the Numbers 2010
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Technical Notes
The charts in this book are based primarily on data available as of March 2011 from the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO). The charts using OMB data display the historical growth of the federal government to 2010 while the charts using CBO data display both historical and projected growth from as early as 1940 to 2084. Projections based on OMB data are taken from the White House Fiscal Year 2012 budget. The charts provide data on an annual basis except… Read More
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Authors
Emily GoffResearch Assistant
Thomas A. Roe Institute for Economic Policy StudiesKathryn NixPolicy Analyst
Center for Health Policy StudiesJohn FlemingSenior Data Graphics Editor
The Daily Hatch 