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Comments on One Way of Looking at our Spending Binge





Updated: 2010-05-12T19:50:29Z

 



That has not been stable for the last several decades - it has steadily declined and it has recently gone...

2010-12-19T14:03:39Z

That has not been stable for the last several decades - it has steadily declined and it has recently gone...

That has not been stable for the last several decades - it has steadily declined and it has recently gone negative.




This is quite interesting... http://trueslant.com/michaelpollaro/2010/05/13/america-piigs-%E2%80%9Cr%E2%80%9D-us-too/

2010-05-13T16:45:26Z

This is quite interesting... http://trueslant.com/michaelpollaro/2010/05/13/america-piigs-%E2%80%9Cr%E2%80%9D-us-too/

This is quite interesting...

http://trueslant.com/michaelpollaro/2010/05/13/america-piigs-%E2%80%9Cr%E2%80%9D-us-too/




Of course, none of the "mandatory" programs are really mandatory. Congress can adjust any of them at will, it has...

2010-05-13T00:27:41Z

Of course, none of the "mandatory" programs are really mandatory. Congress can adjust any of them at will, it has...

Of course, none of the "mandatory" programs are really mandatory. Congress can adjust any of them at will, it has done so in the past (upwards, mostly), and it will have to do it again in the future (downwards).




That's total federal spending minus defense spending.

2010-05-12T20:18:29Z

That's total federal spending minus defense spending.

That's total federal spending minus defense spending.




Sorry for three in a row... Gene Steuerle has another measure that I like a lot that you might be...

2010-05-12T20:04:12Z

Sorry for three in a row... Gene Steuerle has another measure that I like a lot that you might be...

Sorry for three in a row... Gene Steuerle has another measure that I like a lot that you might be interested in. He calls it the "fiscal democracy index". It is the percentage of federal revenue not allocated for mandatory programs (including interest on the national debt). In other words, it is the amount of revenue that the current Congress is free to allocate itself. That has not been stable for the last several decades - it has steadily declined and it has recently gone negative.

It's the sort of tyranny of the past that Jefferson was worried about when he talked about having a reset-button every 19 years. It's not quite the same as the big government/small government thing you're looking at, but I've always found it to be an interesting measure.




And I should add... the real test is to see if it stays exceptional, or if it become unexceptional.

2010-05-12T19:55:23Z

And I should add... the real test is to see if it stays exceptional, or if it become unexceptional.

And I should add... the real test is to see if it stays exceptional, or if it become unexceptional.




Is this non-defense federal spending or all non-defense government spending? I'm sure the basic story stays the same, but I'm...

2010-05-12T19:54:51Z

Is this non-defense federal spending or all non-defense government spending? I'm sure the basic story stays the same, but I'm...

Is this non-defense federal spending or all non-defense government spending? I'm sure the basic story stays the same, but I'm guessing you're going to see considerably less of a jump if you're looking at government rather than federal spending.

"Exceptional" is exactly the word for it, I think.