Tuesday, September 4, 2012

Where does Federal Spending Go?

An illuminating chart I've had packed away that I've been meaning to share. It shows real per-capita Federal spending by sector over time, with interesting implications.

Basically, Federal spending has been steady in all discretiony sectors, while the cost of entitlements has gone through the proverbial roof. And on a positive note, I am at least glad that the national political discourse seems to be centered on this fact and the debate of the Presidential election framed around its  implications. 

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