Sunday, October 26, 2008

Most Profligate Congress Ever

The Republican-led Congress of 2001-2006 has taken a lot of grief for their wasteful spending. And rightly so. Five of their first six budgets (for 2002-2006) increased spending year-over-year by from 6% to 8%. They finally started getting themselves under control for the 2007 budget, which increased outlays by less than 3%.

Then, suddenly, Nancy Pelosi and Harry Reid were in charge. Their Congress this year is known for doing nothing. But last year, they did manage to accomplish something — they managed to more than triple the outlays rate of increase over that of the last year of the Republican Congress. Tom Blumer has the year-over-year comparisons. Here's the chart

but what Blumer says should be read, too.

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