From 2007 to 2009, inflation-adjusted federal spending went up by a staggering number, 24%.
Indeed, all of the biggest federal spending programs provide welfare, just not to poor people.
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It may be that, even with reductions in federal spending, higher taxes are necessary.
But all that really matters is that the burden of federal spending grew very slowly.
W. Bush promised restrained federal spending due to the end of the Cold War.
Those numbers show that federal spending, on average, consumed 19.8 percent of GDP from 1950-2000.
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So federal spending will need to fall in the years ahead to reduce the deficit.
It is within these parameters federal spending and tax benefits (including favorable tax rates) should operate.
The reduction in federal spending that would ultimately result from such reforms would be unprecedented.
In the past two years non-defense federal spending has grown at the fastest rate since 1992.
Am I hurting my company by ignoring this opportunity in these days of big Federal spending?
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Federal spending as a share of GDP will average 24.1% over his first term including 2013.
Ordinary folks were soaked again during the New Deal years (1933-1940) when federal spending doubled.
Total federal spending would not climb above 2012 levels in actual, nominal dollars until 2016.
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Only then can America rationally discuss and debate federal spending, tax, deficit and debt issues.
This shows how difficult it will be for federal spending ever to be curbed.
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It would seem corporate America is well-positioned to offset the likely declines in federal spending.
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That helps explain why federal spending has grown 77% in the last 10 years.
Claire and I are working diligently to do basically a thorough audit of federal spending.
This is not to say that there are not types of federal spending that are wasteful.
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All of these tax cuts will be meaningless if we do not control federal spending.
Tax cuts, unobtrusive regulations and federal spending below 3 percent of GDP spurred robust growth.
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Some have disagreed, and have argued that Federal spending in general is too high.
In every budget year from 1994 through 1998, Federal spending as a percentage of GDP fell.
In the meantime, federal spending cuts and upper-income tax cuts will restore business confidence.
Combined with Social Security, it accounted for 36% of all federal spending in 2011.
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Social Security, Medicare and Medicaid make up almost half of federal spending each year.
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Sooner rather than later we must reduce the federal spending burden and simplify the tax code.
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To see how small these figures are, we apply them to 2012 federal spending and revenues.
All we need to do is restrain the growth of federal spending, as explained in this video.
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