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News Link • Government

Government spending rises 9%

• Washington Times
Basic government spending rose by 9 percent in fiscal 2010, driving the country to a $1.291 trillion deficit down $125 billion from 2009, but still the second-largest hole on record, the Congressional Budget Office said Thursday.

CBO said the 9 percent rise in spending for defense, social programs, entitlements and interest on the debt was "somewhat faster than in recent years" a stark evaluation at a time when President Obama and Congress are working to convince voters they are pursuing a fiscally frugal course in Washington.
 

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