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The Federal Government Spent 32 Percent More in 2011 than in 2007

10:08 AM, Oct 19, 2011 • By JEFFREY H. ANDERSON
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The Congressional Budget Office’s recently released scorecard for fiscal year 2011 begs a simple question: Why is the federal government spending nearly one-third more money now than it did just five years ago? The CBO says that the federal government spent $2,729,000,000,000.00 in 2007 and $3,600,000,000,000.00 in 2011. That’s an increase of 32 percent in just five years.

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Most Americans probably wish their income, the value of their home, or the value of their retirement funds, had gone up even 10 percent during that span — or simply hadn’t dropped. Could it be that a shortage of "revenues" wasn't really the problem after all? 

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