Budget Sense: Out-of-Control Spending Will Bankrupt US

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October 16, 2012 - SPECIAL EDITION News and Analysis on Your Money in Washington

A Crash Course on the Budget The federal government has closed out its fourth straight year of over trillion-dollar deficits, and the imperative to rein in spending has never been greater. In Federal Spending by the Numbers 2012, get the full story on America's current fiscal state, what areas of federal spending have grown the most, and how we got here—visualized in 20 new infographics.
Attacks on Tax Reform Miss the Mark President Barack Obama misstates the facts regarding Governor Mitt Romney’s tax reform proposal by citing an unfair think tank analysis. The issue is a matter of $5 trillion... and it's a lesson on the facts and essentials of individual income tax reform. Read the In-Depth Report >>
Federal Spending per Household Has Grown 29 PERCENT since 2002 The federal government is spending more per household than ever before. In 2002, spending per household was $23,010 and today it's at $29,691 — a 29% increase... and it's projected to grow even more. INFLATION-ADJUSTED DOLLARS (2012) Explore more Government Spending Charts Online >>	VP Debate: True/False Quiz on Taxes and Entitlements Both sides—and the moderator—had a lot to say last week. But what was true? Start the Quiz Now Video: Taxmageddon Update on The 700 Club Heritage expert Curtis Dubay gives insight on the fiscal cliff America is fast approaching. Watch the Video Now Able-Bodied People Defrauding Social Security Disability Program Sen. Tom Coburn uncovers widespread fraud. Read and Comment Now

	Want more analysis on taxes, spending and debt? Visit Entitlements home page >>