{"id":35317,"date":"2019-01-30T14:29:57","date_gmt":"2019-01-30T19:29:57","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=35317"},"modified":"2019-01-30T14:29:57","modified_gmt":"2019-01-30T19:29:57","slug":"it-really-is-the-spending","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=35317","title":{"rendered":"It Really Is The Spending"},"content":{"rendered":"<p>The following graph was posted at <a href=\"https:\/\/www.washingtonexaminer.com\/opinion\/cbo-report-shows-that-spending-not-trump-tax-cuts-are-primarily-driving-the-nations-debt\" target=\"_blank\" rel=\"noopener\">The Washington Examiner<\/a> yesterday:<\/p>\n<p><a href=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/01\/SpendingAndRevenue2019.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-35318\" src=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/01\/SpendingAndRevenue2019.png\" alt=\"\" width=\"799\" height=\"613\" srcset=\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/01\/SpendingAndRevenue2019.png 799w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/01\/SpendingAndRevenue2019-300x230.png 300w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/01\/SpendingAndRevenue2019-768x589.png 768w, https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2019\/01\/SpendingAndRevenue2019-391x300.png 391w\" sizes=\"auto, (max-width: 799px) 100vw, 799px\" \/><\/a>The article notes:<\/p>\n<p style=\"padding-left: 30px;\"><strong>As shown in the chart below, in the 50 years prior to the effective date of the Trump tax cuts (1968-2017), tax revenue averaged 17.4 percent of gross domestic product, while spending averaged 20.3 percent. With the Trump tax cuts in place, revenue is below the historical average for the next few years, but by the middle of the decade, it returns to that average and then surpasses it as some provisions of the tax cut begin to expire. By 2029, the end of the CBO projection period, revenue reaches 18.3 percent \u2014 or nearly one point of GDP above its historical average.<\/strong><\/p>\n<p>We need some serious budget-cutting in Washington. It is time for baseline budgeting to stop. Department budgets need to start from scratch and justify every penny.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The following graph was posted at The Washington Examiner yesterday: The article notes: As shown in the chart below, in the 50 years prior to the effective date of the Trump tax cuts (1968-2017), tax revenue averaged 17.4 percent of &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=35317\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2059,2058,1317,506,2016,11137,6746,2720],"class_list":["post-35317","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-baseline-budgeting","tag-budget","tag-gdp","tag-gross-domestic-product","tag-revenue","tag-tax-cuts","tag-tax-revenue","tag-the-washington-examiner"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/35317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35317"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/35317\/revisions"}],"predecessor-version":[{"id":35319,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/35317\/revisions\/35319"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}