Before all of us go into panic mode because the Republican budget cuts programs that aid the poor, we need to remember something--these programs grew exponentially during the past five years. Most of the cuts suggested will simply bring us back to 2008 levels.
Power Line posted this chart yesterday:
This shows the rate of growth of federal spending in the past thirteen years through the next nine years. Does your household income chart look like this? Has your income grown at this rate? What shape would your household finances be in if your spending curve over this period followed this chart?
More analysis to follow...
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