Unconstitutional Entitlement, Welfare & Other Transfer Payments To Top 70% of Federal Spending...

Status of President Obama's Promises and Forecasts...

From 1970 to 2010, Federal Spending Grew Nearly 12 Times Faster than Median Income...

When federal spending grows faster than Americans' paychecks, the burden of government on taxpayers becomes greater. 

Over the past four decades, median-income Americans' earnings have risen only +24%, while spending has increased +288%!

PERCENT CHANGE IN INFLATION-ADJUSTED DOLLARS (2012)

Sources: U.S. Census Bureau and Office of Management and Budget.

Federal Spending Grew Nearly 12 Times Faster than Median Income...

PERCENT CHANGE IN INFLATION-ADJUSTED DOLLARS (2012)

What if Families Handled Finances Like the Federal Government Does?

INFLATION-ADJUSTED DOLLARS (2012)

Sources: Congressional Budget Office and U.S. Census Bureau.

In 2010, median family income was $51,360. If a typical family followed the federal government's lead, it would spend $73,319 and put 30 cents of every dollar spent on a credit card. 

This family would have racked up $325,781 in credit card debt—like a mortgage, only without the house. 

What credit card company would continue lending money to this family?

Why Government Spending Suppresses Growth, It DOESN'T Stimulate Growth...

Fiscal Cliff Deal Does Nothing To Reverse Profligate Spending...

It's The Spending, Not The Taxation...

Out Of Control Spending, Not Tax Cuts, Driving Federal Deficits...

Government Spending Still Way Out of Control...

The Misery Index: The Worst in 28 Years...

To put the current Misery Index (unemployment plus inflation = 12.9) in some historical context:

(1) it's higher than any time in the past 28 years

 (2) it's +36% higher than the post-World War II average of 9.5 


(3) there have been only 9 years in the past 63 when the annual Misery Index topped 12.9 — all in the inflationary 1970s.

The 1970s was the last time stagflation reared its ugly head.

Rampant government spending, regulatory hyperactivity and endless federal meddling in the economy were the root causes.


Sound familiar?

After The Debt Limit Deal: Federal Spending Still Out of Control...