One of President Obama's proposed solutions for the debt and deficit is something he calls the Buffett Rule, or Buffett tax. The President said that if you enact the principles of the Buffett rule,...
What budget cuts?
From 1993 to 2002 the federal government spent $17 trillion. During the past 10 years the federal government spent $30 trillion - almost doubling spending from decade to decade. The House budget...
Entitlement spending compared to long-term federal revenue generation
The data used in preparation of this chart can be viewed here.
Increased costs for Obamacare
When the 2010 healthcare law was proposed, President Obama was concerned that it not cost more than $1 trillion. He also wanted to make sure that the Congressional Budget Office (CBO) not judge it...
Spending and deficits
Broken promises on premiums
Stabilize our debt?
One of President Obama's proposed solutions for the debt and deficit is something he calls the Buffett Rule, or Buffett tax. The President said that if you enact the principles of the Buffett rule,...
Spending and deficits
Federal spending continues to grow
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...
The growth of automatic spending
In 1962, 68 percent of the federal budget was discretionary spending. It was appropriated annually and came under some level control of Congress. About 32 percent of the budget consists...