The evidence from the last and current fiscal years is clear: Washingtons deficit problem remains one of spending, yet its solution remains one of taxing. From 2007 to 2009, federal spending jumped 29%. With the exception of a slight drop (1.7%) in 2010, federal spending did not dip below that level, until last year. From 2009-2012, the deficit was never under $1 trillion - averaging $1.27 trillion. Despite repeated evidence, the truth continues to be ignored - few even bothering to look at the overall numbers, let alone inside them. As long as Washington keeps ignoring its real spending problem, it can keep taxing America to pay for it.
Posted on: Mon, 20 Jan 2014 16:20:53 +0000
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