Cutting taxes without controlling spending has proved to be a sure recipe for growing debt.
Mahaney notes that operating expense spending has been aggressive, with for instance record staff growth.
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Investment spending has certainly not shown a dramatic response to these historically low rates.
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As a result, total federal and state Medicaid spending has quintupled over the past 20 years.
The analyst notes that router spending has increased by just 8.2% a year since 2007.
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In the past two years non-defense federal spending has grown at the fastest rate since 1992.
In the debate to raise the debt ceiling, cutting spending has taken center stage.
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Spending has grown much faster than forecast - by about 6.6% instead of the predicted 5.2%.
And his spending has not gone up as much as the fundraising, so he's stockpiling cash.
Construction spending has improved at least for the last 4 months, averaging a 1.675% monthly expansion.
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That helps explain why federal spending has grown 77% in the last 10 years.
Bundlers are a hot commodity because campaign spending has outstripped the traditional ways of raising money.
Household spending has continued to advance, but growth in business fixed investment appears to have slowed.
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Although corporate profits have weakened sharply this year, corporate spending has not (see chart).
It is not true that lowering government spending has a tendency to increase investment.
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But you wonder why, if everything is under control, spending has risen so fast.
This year alone, spending has jumped by 10.9%, or around 8% in real terms.
Most marketing spending has an impact basis--that is, how much you're spending relative to your competition.
"This year's spending has triggered ... for the very first time, a Medicare funding warning, " Leavitt said.
Since 1960, when data on the broader measure begin, total government spending has averaged about 32 percent.
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The report revealed how the rise in prison spending has caused states to spend less on education.
"Campaign spending has...dramatically risen in state and local elections across the country, " said the appeal act today.
Federal spending has propped up the economy, but now the government has borrowed to the breaking point.
Although repeated mergers have trimmed the number of major drug makers, overall research spending has held up.
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In recent years, total government spending has surged to a peacetime high of 39 percent of GDP.
In addition, several of the studies found reducing government spending has no significant affect on economic growth.
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In recent months, for instance, consumer spending has held strong in the face of declining confidence reports.
But spending has been resilient mainly because unemployment is low and Americans' pay packets are still fat.
Capital spending has seemed less painful to reduce than jobs, and so has been more ruthlessly cut.
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Household spending has flattened out, investment in nonresidential structures is still weak, and the housing sector remains depressed.
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