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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!

To read the rest of this article, click here.

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Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. Heâ??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and â??Austrianâ?ť economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions â?? and has often been proved right.

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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!

To read the rest of this article, click here.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Jessica Yaniv, Canada transgender waxing case Jessica Yaniv, Canada transgender waxing case

State-Enforced Sexual Assault.

CULTURE

Fox News to Air Fake Republican Group’s Pro-Mueller Ad.

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The Left’s Weaponization of Journalism. 

U.S. POLITICS

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Canada Wants To Send This Jihadi to College.

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