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Federal spending is stable over time
Among the leading fantasies of the moment are that federal employment and spending are “out of control,” so drastic action is needed to put things back in order. These are lies. Some people who utt…
Among the leading fantasies of the moment are that federal employment and spending are “out of control,” so drastic action is needed to put things back in order. People who want to deceive will often cite raw dollar amounts to amplify the gee-whiz factor, but the only honest way to render these quantities over time is by comparing them to total economic output. They took hits from George W. Bush’s tax cuts after 2001 and from Trump’s after 2017, but the revenue line has also been essentially flat for decades, just at a level well below spending.
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