Adjusted for inflation, the federal government spent more on Medicare and Medicaid in 2011 than it spent on everything in 1960. Red Ink: Inside the High-Stakes Politics of the Federal Budget (2012)
“Everyone thinks there’s a lot, but there’s nothing that a majority wants to cut. The average person doesn’t want less government. They just want the government to cost less.” Red Ink: Inside the High-Stakes Politics of the Federal Budget (2012)
No one really knows how much the U.S. government can borrow before global investors get uneasy and begin to demand higher interest rates. Red Ink: Inside the High-Stakes Politics of the Federal Budget (2012)
In all, $1 of every $5 the federal government spent in 2011 went to defense, and about 20 cents of that $1 was spent on the wars in Iraq and Afghanistan. Red Ink: Inside the High-Stakes Politics of the Federal Budget (2012)