Over the past 20 years, federal spending grew 71 percent faster than inflation.<quoted text> This is what happens when severe austerity measures are implimented during a deep recession. Curtailing government spending during recessionary periods always leads to a deeper recession. It is at times like these that the government becomes the only entity that can spur economic activity. The time to institute economic austerity for governments is when their economies are booming, not when they are contracting.
Entitlement spending more than doubled over the past 20 years, growing by 110 percent. Discretionary spending grew by 60 percent.
Deficits have pushed up the debt each year since 2002 as federal spending exceeded revenue.
Fiscal year 2012 marked the fourth consecutive year of $1 trillion deficits.
Without pointing the fickle finger of blame, it is obvious that the government is spending like never before, yet we're still mired in a miserable economy, that has a very gloomy outlook.
Care to explain why, if government spending is the only way to spur economic activity, that it hasn't worked, and may indeed have made things worse?