Industrial Insight

So we need more revenues…. | July 7, 2011

Do we really have a revenue problem?

posted at 9:25 am on July 7, 2011 by Ed Morrissey

While revenues have tripled during this period, federal spending has more than quintupled. The economic expansion of the 1990s (including the dot-com bubble) temporarily raised revenue above the spending trendline, but the slope on spending increased in the early 2000s, and practically launched spaceward in 2007 when Democrats took control of Congress. Had spending increased at a rate of inflation from 2001 forward, we would probably not been in deficit at all.

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About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.







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