by
Andrew B. Einhorn
Jul 02 2008, 11:48 AM
Comments: 0
Over the past 9 decades, the U.S. population has increased from 106 million people to 304 million - an increase of about 200 percent. Yet in that same time period, federal spending has risen from 215 billion annually (in today's dollars) to over nearly three trillion dollars. This represents an increase of close to 1,300 percent!
So what happened in the last 88 years that was so expensive? For starters, there were a handful of big wars, an increase in government protection of food, water, and air, elevated medical expenses, massive construction and road building projects, and of course, the escalation of military spending brought about by the Cold War, to name just a few of the reasons. So looking at a chart that dates backs to 1920 is a bit misleading. However, one interesting question does...
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