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Big Government in Pictures

Author: 912 Project Idaho | Date: April 18, 2010

From The Heritage Foundation
April 16, 2010 | By Amanda J. Reinecker
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Federal spending is unsustainable, yet government continues to spend money faster than it can tax it from you and me. As a result, America is facing record deficits.


Every American taxpayer should be concerned about this because it directly impacts them. Taxes are the primary government funding source. If government spending increases – which it is – taxes must, therefore, increase – and they are.

budget-create-deficits-6002-300x270.jpg width=300 height=270

 


The budget, spending and taxes are all complex subjects. Explanations are typically confined to dense, scholarly publications by Ph.D.’s and economic theorists, which are very important, but difficult to understand. That’s why we’re proud to introduce The Heritage Foundation’s 2010 Budget Chart Book – a user-friendly way to learn about the federal budget, spending and taxes in pictures. Check it out! [emphasis added]


For example, our charts on entitlement programs, such as Social Security, Medicare and Medicaid, illustrate just how unsustainable and exhaustive these programs are on our economy. Heritage’s Nicola Moore, assistant director of the Thomas A. Roe Institute for Economic Policy Studies, explains:


As Entitlements Chart 2 shows, these programs will double in size in a few decades. But Chart 10 explains spending cuts alone can’t pay for entitlements, and the level of taxes, shown in Chart 8, required to pay for the programs would devastate the economy.


The Chart Book’s many charts cover a range of budget topics in key categories, including federal spending (11 charts), federal revenue> (9 charts), debt and deficits (8 charts), and entitlements (11 charts). The charts are there to help all Americans cut through the spin and extract, and more importantly understand, the critical facts about big government. [emphasis added]


“Tough policy choices and strong entitlement reforms are necessary to get the budget back on track,” writes Moore. “The Budget Chart Book will help you to appreciate the size and scope of the decisions policymakers must enact to protect America’s fiscal future.”

 

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