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Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

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Three Myths on the Federal Government’s Spending, Debunked*

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Unread 11.19.18, 12:45 PM
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Three Myths on the Federal Government’s Spending, Debunked*

11.18.18 11:30 PM

The federal government has a severe spending problem. But without understanding the nature of the issue, we can’t adequately address it. What’s more, there are several myths circulating around this debate that further muddle the truth. So, let’s address a few of these myths to get the facts about federal spending! Myth #1: “We have a revenue problem! It’s not our spending that has gotten out of control — it’s the fact that our government doesn’t take in money like it used to.” Fact:*If only that were the case! Raising revenue is one thing — but cutting spending is much more difficult. In fact, over the past 30 years, spending growth has steadily outpaced revenue growth, with the former at 2.3 percent and the latter at 2.2 percent. The difference between those two numbers*appears*small, but over time, it amounts to trillions of dollars. That said, over the past five years, federal spending growth has dramatically outpaced the revenue to match it, even though revenue was still*growing. Put simply, federal*revenue is growing. We’ve just spent too much for our revenue to cover.   Myth #2:*“Well, still, it doesn’t help that these tax cuts are cutting into our revenue. If the deficit […]

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