Monday, October 17, 2011

The Austerity Myth: Federal Spending Up 5% This Year

The Austerity Myth: Federal Spending Up 5% This Year - Investors.com
In fact, in the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show.
That's an increase of almost 5%. And deficits during this time were $23.5 billion higher.
These spending hikes haven't stopped many analysts from claiming that the country is in an age of budget austerity, one that's hurting economic growth.
A July article in USA Today, for example, claimed that "Already in 2011, softer government spending has sapped growth."


Is the liberal media just dumb?
I doubt it.
LIARS!!!!!!!!

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