13 Mar, 2007

Tracking Trends in the Federal Budget

Posted by: Rob Bluey In: Capitol Hill

The Heritage Foundation will officially unveil its federal spending book of charts tomorrow. One of the privileges of working here means that I get to see it before anyone else — and bring it to you first.

There are three charts in particular that deserve attention:

‚Ä¢ Anyone who follows the debate over congressional earmarks probably heard that the Pig Book shrunk in size this year. That’s because earmarks are down significantly thanks to a moratorium in Congress. Will it last? That’s a question only the Democrats can answer. Republicans certainly couldn’t hold back — particularly during the Bush presidency.

‚Ä¢ It’s no secret the tax burden on individuals will spike sharply in just a few years — even if Bush‚Äôs tax cuts are extended. But did you know the United States is on course to exceed the highest tax burden in history in just about 10 years?

‚Ä¢ The chart that surprised me most highlights defense spending as percentage of GDP — an issue I recently noted in the context of former Sen. Jim Talent’s National Review cover story. Despite the cost of the Iraq War, our defense spending today is below the 45-year historical average and falls significantly short of Cold War and Vietnam War levels.

There are many more charts available detailing how federal spending affects ordinary Americans. What I most love about this information is that it’s great to use in a debate with liberals — who too often rely on emotion rather than facts to make their faulty arguments.

No Responses to "Tracking Trends in the Federal Budget"

Comment Form

You must be logged in to post a comment.

Flickr PhotoStream

  • Inside the House of Blues DallasHouse of Blues DallasHouse of Blues DallasTexas School Book Depository

BlueyTube


FriendFeed

Just saw two helicopters flying over Thurmont, MD. I wonder if the Obamas are visiting Camp David?

Wednesday 17:33

@rorycooper Thanks for hosting the Bloggers Briefing today. I heard it went well. Appreciate your help! #tbb

Wednesday 17:33

Interesting political ad on a Massachusetts gas pump. http://yfrog.com/179wij

Wednesday 17:33

@Gundisalvus has an excellent commentary on Sotomayor and racial identity politics. Highly recommend. http://bit.ly/wBowV

Wednesday 17:33

I blame Obama for all this road work. Stupid stimulus. http://yfrog.com/0jxxtbj

Wednesday 17:33

What idiot decided it was a good idea to do road work on the George Washington Parkway midday Friday? http://yfrog.com/15rsjj

Wednesday 17:33

@MelissaTweets Nope, I'm in Atlanta. Don't think there's a Chick-fil-A at Reagan.

Wednesday 17:33

Took a detour to terminal A. Nothing is better than a Chick-fil-A chicken biscuit for breakfast. http://yfrog.com/0vgjyj

Wednesday 17:33

Great event tonight in Atlanta. Made even better by two friends who attended: @ewerickson and @estherclark. Thanks for coming out!

Wednesday 17:33