October 25, 2007
The big government party
It's now the GOP, and not just because of defense and homeland security spending:
Take almost any yardstick and Bush generally exceeds the spending of his predecessors.When adjusted for inflation, discretionary spending — or budget items that Congress and the president can control, including defense and domestic programs, but not entitlements such as Social Security and Medicare — shot up at an average annual rate of 5.3 percent during Bush’s first six years, Slivinski calculates.
That tops the 4.6 percent annual rate Johnson logged during his 1963-69 presidency. By these standards, Ronald Reagan was a tightwad; discretionary spending grew by only 1.9 percent a year on his watch.
Discretionary spending went up in Bush's first term by 48.5 percent, not adjusted for inflation, more than twice as much as Bill Clinton did (21.6 percent) in two full terms, Slivinski reports.
Defense spending is the big driver — but hardly the only one.
[...]
Brian Riedl, a budget analyst at the Heritage Foundation, a conservative research group, points to education spending. Adjusted for inflation, it's up 18 percent annually since 2001, thanks largely to Bush’s No Child Left Behind act.
The 2002 farm bill, he said, caused agriculture spending to double its 1990s levels.
Then there was the 2003 Medicare prescription drug benefit — the biggest single expansion in the program’s history — whose 10-year costs are estimated at more than $700 billion.
And the 2005 highway bill, which included thousands of “earmarks,” or special local projects stuck into the legislation by individual lawmakers without review, cost $295 billion.
“He has presided over massive increases in almost every category … a dramatic change of pace from most previous presidents,” said Slivinski.
Could a Democratic President and Congress spend even more money than this? Yeah, actually, they might. But the Republicans can't be given the benefit of the doubt anymore.
Damian P.
Posted by damian at October 25, 2007 08:43 AM