Tuesday, March 05, 2013

For The Love Of Money

Further proof the the federal government has a spending problem.

And the scientific community is united in that fact

Federal revenue will return to its pre-recession levels in 2013, according to projections from the Congressional Budget Office (CBO), setting a record for the most money the government has ever taken in.

Is spending “the problem”? Yes, in one sense. If federal outlays could be steered permanently back to their 35-year average of 21 percent of GDP, much of the national-debt problem would be solved. 


Post a Comment

<< Home