April 11, 2011

Federal Spending Under Three Paths

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This chart illustrates the bottom line of federal spending under the three most prominent budget plans under public consideration: the President’s Budget Proposal, and Republican Study Committee proposal, and the House Budget Committee proposal. Under each plan, spending levels are projected to grow, albeit at a pace slower than that of the economy.  The differences in spending are meaningful: by 2021, there is a $1.5 trillion dollar difference in the level of spending under the President’s and the Republican Study Committee’s proposals.