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Federal spending expected to increase dramatically from 24.6% of GDP in 2010

By ADF Alliance Alert

NCPA Policy Digest: "In fiscal year 2010, the federal government spent $3.6 trillion dollars, or 24.6 percent of gross domestic product (GDP), well above the historical average . . . at its current trajectory, spending will increase to 25.9 percent of GDP in 2020 and to 32.2 percent in 2030. The harsh reality is that if the country does not deviate from its current path, the majority of future federal spending will finance the spending of the past. "

Full post as published by Constitutionally Correct on March 04, 2011 (boomark / email).