Nov 8, 2012 ... While we're nowhere near the kind of budget problems that have plagued  European nations over the past two years, Europe's debt struggles are a useful  reminder .... If we start phasing in tax increases or spending cuts over the next  few years, they'll be less dramatic than if we wait until a crisis actually hits.
As this 2012 edition of Federal Spending by the Numbers shows, total federal  spending for fiscal year 2012[1] reached $3.6 trillion, or 22.9 percent the size of  the ... to continue, pushing total government outlays to $5.5 trillion a decade from  now, and to about 36 percent of gross domestic product (GDP) in the next 25  years.
The result is a chickenhawk nation in which careless spending and strategic folly  combine to lure America into endless wars it can't win. ... This has become the  way we assume the American military will be discussed by politicians and in the  press: Overblown, limitless praise, absent the caveats or public skepticism we ...
Mar 9, 2016 ... Some may defend a no-new-revenue approach to deficit reduction by claiming  that the federal government's size and reach are expanding dramatically. ...  Federal program spending (excluding interest costs) outside Social Security and  Medicare is now below its average over the last 40 years (1976-2015) ...
Jun 14, 2017 ... The national debt level of the United States has always been a subject of  controversy. But, given that four consecutive years of $1 trillion budget deficits ( 2009-2012) has pushed the ... Simply explained, the federal government  generates a budget deficit whenever it spends more money than it brings in  through income-generating ...
The interest on the debt now is going to approach in the next couple of years ... what we spend in the national defense budget.