This week’s chart displays the annual amount of real (2014 $) federal supplemental funding since 1980. As the chart shows, supplemental spending exploded in 2000s during the administration of George W. Bush and a largely Republican-controlled Congress.
This country needs to start making real and credible commitments to cutting government spending. With the president looking to put spending back on an upward trajectory, the new Republican-controlled Congress will need to champion the cause of controlling spending.
This week’s charts use data from the US Department of Agriculture (USDA) and the Center for Responsive Politics to display global and US sugar prices, annual lobbying spending by the sugar industry, and government-planned market segmentation of the domestic sugar industry through the USDA’s Domestic Sugar Program. The charts show that Big Sugar is a formidable Halloween haunt: their lobbying efforts pay handsomely in the form of government-driven market segmentation and artificially high sugar prices.
This week’s charts use data from CBO and the Office of Management and Budget’s (OMB) historical tables to display cumulative federal spending and revenues projected over the next decade along with a time series plotting of the Steuerle-Roeper Index of Fiscal Democracy, developed by Eugene Steuerle and Tim Roeper, which measures the percentage of federal revenues remaining for discretionary spending after mandatory outlays and interest payments have been covered.
This week’s charts use data from the Subsidy Tracker 2.0 dataset compiled by Good Jobs First, a government accountability and smart-growth advocacy group, to display the states (plus the District of Columbia) that disperse the highest amounts and numbers of subsidies, along with the top parent corporations that cumulatively benefit from these subsidies.
This week’s charts use data from the Export-Import Bank and the Census Bureau to display assistance dispersion among minority- and women-owned exporting firms as a proportion of those in the general economy, along with the top 10 firms that receive assistance and the proportion of their benefits to the whole.
This week’s chart uses data from a new Cato Institute study quantifying some of the industrial “winners” and “victims” of Ex-Im subsidy policies. The chart shows that Ex-Im policies benefit far fewer industries than they penalize.
This week’s charts use data from the Congressional Budget Office’s (CBO) recently released update to its Budget and Economic Outlook to show the trends and components of projected debt and deficit increases. The charts show that debt and deficits will continue to grow over the coming decade, although enacting certain policy changes—such as freezing most discretionary spending at current levels or extending expiring tax cuts—could over the next decade shrink deficits by $615 billion or add $897 billion to baseline deficit projections, respectively.
These charts show that the federal government will not be able to provide the same level of services without significant reforms to entitlement programs that drive the bulk of spending and compound future interest payments on the federal debt.
This week's charts use new data from the recently released 2014 Old-Age and Survivors Insurance and Federal Disability Insurance (OASDI) Trustees Report to update a previous Mercatus Center chart series presenting projected cash flows and worker-to-beneficiary ratios for Social Security programs.