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GOP Says Congressional Democrats’ New Budget Would Jack Federal Spending 62 Percent I

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Unread 03.15.13, 04:48 AM
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GOP Says Congressional Democrats’ New Budget Would Jack Federal Spending 62 Percent I

03.14.13 09:01 PM

Senate Republicans have wasted no time in dismantling the budget proposed Wednesday by the Democrat-led Senate Budget Committee. The Republican arm of the same committee released a series of graphics on its website showing what the Democrats’ proposal would do to Federal spending if projected across a 10-year span.

Of particular interest are three charts, the first of which demonstrates how the proposal would more than double Federal spending from where it stood only six years ago, from $2.7 trillion in 2007 to a projected $5.7 trillion in 2023:

More interesting is where the Democrats’ budget allocates the additional spending: entitlements. Under the plan, annual welfare entitlements would grow from their present mark of just under $800 billion to roughly $1.4 trillion in 2022, crossing the trillion-dollar threshold in a matter of only three years:

Finally, the Democrats’ proposed budget nullifies any perceived “deficit reductions” achieved through “sequestration” by means of $1.6 trillion in new taxes, just in 2013, setting a pace that would bloat entitlement-driven Federal spending by $8.6 trillion over the course of the next decade.

As of this moment, that’s more than half the standing U.S. National debt — in its entirety.

Fair play, if you can call it that: For their part, the Democrats claim their plan “only” raises $975 billion over the next decade. Whether you buy the GOP’s interpretation or the Democrats’ spin, under any scenario it means accelerated spending that, if left in place, would obliterate any hope of ever balancing the budget — to say nothing of reducing the National debt.

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