Daily Archives: May 30, 2012

Growth Rates & Government Spending

How fast is the federal government’s spending rising? It’s a politically charged question these days, of course, and so there’s an excess of spin attached to the discussion of government budgets at the moment. Fortunately, the offending numbers are easily located and dissected, courtesy of the Congressional Budget Office’s “Budget and Economic Outlook: Fiscal Years 2012 to 2022” report (specifically: the historical data in tables F-1 and F-3). The results may enrage or inspire you, depending on your political persuasion and budgetary assumptions. But the first intelligent step in any debate is to take a sober look at the data, assuming it’s available. Oh, yes, one other necessary condition for informed analysis: no screaming, please.

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