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IPFS News Link • Obama Administration

Must-See Charts On America's Disastrous Level Of Federal Spending

06-22-2010 • Businessinsider.com/

Politics aside, it's clear to see the federal budget has surged to unprecedented highs. The increase in spending in just the past ten years is shocking. Meanwhile, federal revenue has decreased and is projected to stay level or decrease for decades. All the key talking points against White House spending are nicely packaged in the Heritage Foundation report on the budget. The only optimistic chart we found was a slight downtrend in the cost of pork projects (slide 14). Maybe this is why Obama's budget chief Peter Orszag wants out.

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Reported By Jack Gregson

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