Total federal spending in FY2000: $1.79 Trillion.
Total estimated FY2009 deficit according to today’s budget blueprint: $1.75 Trillion.
If policymakers don’t restrain discretionary spending, deficits and debt will be higher in coming years than shown in official projections.
Like so many other sections of the budget, the president is trotting out old, tired, blame-the-rich rhetoric instead of tackling the country’s real problems.
The President’s new budget has been unveiled. There are lots of provisions that deserve detailed attention, but I always look first...
The budget increases spending and fails to tackle the true drivers of our budget problem—entitlement spending.
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