SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (195821)10/7/2002 11:56:29 AM
From: yard_man  Read Replies (1) | Respond to of 436258
 
usnews.com

any idea what some of those macro numbers would look like without this??

>>Just look at discretionary spending this year. It's up by almost 14 percent, the biggest government spending spree in a generation. In fact, for the first time in over 30 years, annually appropriated programs controlled by Congress and the president have grown faster than formula-driven entitlement programs like Social Security and Medicare. Only a third of the entire $91 billion increase in annually appropriated funds has been spent on homeland security and national defense; the rest goes for everything from highway construction to farm subsidies.

Government spending has gotten so bad that we have had to dip into Social Security and Medicare tax revenues to finance it–a habit we had broken for four years straight. Now instead of setting aside
<<