Deficits Fall: Is Gridlock Good?
A mild recovery in the economy, combined with tax hikes and a spending slowdown, resulted in a sharply falling annual federal deficit — from $1.5 trillion two years ago to $600 billion today.
Chris Edwards of the Cato Institute has just released a series of charts showing a definite slowdown in federal spending since the Republicans took over the House in 2011. See “spending charts” under www.DownsizingGovernment.org.
Click the chart “U.S. government,” and you will see that the growth of government has slowed down remarkably in the past few years. Gridlock works!
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