Relevant segment at about 9:50.
In a previous post which included a video of Paul Krugman reacting to sequester madness: “This is not the time to be cutting at all,” there was also this graph from the Federal Reserve showing that government spending has fallen:
Then Jared Bernstein, appearing on Real Time with Bill Maher (see video), confirmed that government spending is not going up.
And on his website, Bernstein gives us further proof, this time from the Congressional Budget Office (which gives us nonpartisan analysis of the federal budget and the economy for the U.S. Congress):
On the Bill Maher show the other night, I pointed out that contrary to the talking point that government spending is spiraling out of control, it in fact went up only 0.6%, 2009-2012. [...]
Well, here are the numbers, straight out of CBO… [Outlays are] actually falling as a share of GDP (the figure includes CBOs forecast for 2013).
Case closed.
Blame Obama.
Bernstein explains more at the link.
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