The Hard Facts About Spending Cuts

As lawmakers negotiate to avoid the so-called fiscal cliff, the combination of tax increases and spending cuts that are due to take place on Jan.1, 2013, the silence on spending cuts is deafening.

That’s odd, since federal outlays have risen from 20% of GDP in 2008 to 24% in 2012, far above the postwar historical average of 20%.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles

Search Stock Quotes
Markets
Commodity Prices
Partner Videos