Federal Spending Is Growing Faster Than Federal Revenue

Federal Spending Is Growing Faster Than Federal Revenue


Since 1965, taxes and spending have been rising. Federal revenues have dropped recently due to the economic recession while spending has reached a record high.

We keep hearing taxes need to be raised to decrease the defecit. Until the spending side of the equation is addressed, the tax (revenue) side won't matter. Congress enjoys spending more than the tax revenue can support.

PLEASE SEE THE LINK FOR AN INTERESTING GRAPH.
http://www.heritage.org/budgetchartbook/growth-federal-spending-revenue