You’ll Need a Microscope To See the GOP Spending Cuts

The latest Congressional Budget Office projection is that over the next 10 years, the United States government will spend a stratospheric $89.3 trillion.

The plan that is now being debated in the House has net spending reductions of roughly $1.2 trillion.

So in other words, instead of spending $89.3 trillion, the “cruel” Republicans want to only spend $88.1 trillion – a measly 1.5% cut! What’s even more depressing is that the Senate instructions have an infinitesimal $4 billion in cuts (and $521 billion in increases).

So look at the chart.  Do you see any difference at all?

By 2035, the federal government under the Republican starvation diet will still spend $10 trillion instead of the expected $10.7 trillion. As a reference point, last year the federal government spent roughly $7 trillion. So even under the GOP plan over the next decade, the budget will be only 40% higher instead of 50% higher.

This outlook assumes over the next decade no wars, no financial crises, no pandemics, no terrorist attacks or earthquakes. In other words, these are lowball estimates of how much Congress will really spend.

Someone should tell Congress that there is no law of nature or economics that says the budget has to go up every year.

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