From the Wall Street Journal: The Spending Rolls on
Despite the ever-increasing national debt, and the recent completion of the largest budget deficit in U.S. history, the Majority Leadership in the House seems intent on driving up government spending even further. Check out an editorial in the Wall Street Journal today, which puts the current situation in clear context.
OCTOBER 26, 2009
The Spending Rolls On
The fiscal 2010 bills grow domestic programs by 12.1%.
The White House disclosed the other day that the fiscal 2009 budget deficit clocked in at $1.4 trillion, amid the usual promises to do something about it. Yet even as budget director Peter Orszag was speaking, House Democrats were moving on a dozen spending bills for fiscal 2010 that total 12.1% in more domestic discretionary increases.
Remember, inflation is running close to zero, or 0.8%. The good news, if we can call it that, is that Senate Democrats only want to increase nondefense appropriations by 8% for 2010. Because these funding increases become part of the permanent baseline for future appropriations, the 2010 House budget bills would permanently raise annual outlays for discretionary programs by about $75 billion a year from now until, well, forever.
These spending hikes do not include the so-called mandatory spending programs like Medicare and Medicaid, which exploded by 9.8% and 24.7%, respectively, in the just-ended 2009 fiscal year. All of this largesse is also on top of the stimulus funding that agencies received in 2009. The budget for the Environmental Protection Agency rose 126%, the Department of Education budget 209% and energy programs 146%.
Read the full piece HERE: