Ten years ago, the federal government spent $2 trillion. This year we’ll spend $3.8 trillion or $3,800 billion dollars. We have virtually doubled spending in just 10 years. The most recent House budget proposes to spend $4.9 trillion 10 years in the future in 2022. President Obama believes that is not enough; he wants to spend $6 trillion. You don’t have to be a math major to see that in total, nobody is proposing cutting federal spending. Fiscal conservatives are trying to limit the rate of growth in federal government spending.
Video courtesy of Chippewa Valley Community Television.The data used in the preparation of this chart can be viewed here.