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The U.S. government's fiscal year ended last Friday. (That was FY 2011.)
With Republicans taking over the U.S. House last November, and the U.S. Governments Fiscal year for 2011 ending as of last Friday one would figure with all the talk that the result would have been government spending finally dropped.
Guess what, that couldn't be more wrong. Government spending actually increased.
FY 2010 spending was $3.456 trillion, and although the FY 2011 final figures have yet to be reported it has most recently been projected to come in at around $3.579 trillion. Weighing in at a 4% increase.
Now keep in mind that there was no budget passed last year. So most of FY 2011 spending came under the approval of the newly elected Republicans and their continuing resolutions. You know the ones who claim they want to cut spending.
We always hear "wait till next year". Question is wait for what? To see that when the elevator doors open all we got once again was the shaft?
We constantly hear in the press and from politicians about the "deep cuts" from Republicans, yet we are yet to see any such thing. Not where it really matters any ways. Truth is Republicans love big government, just like Democrats. The only difference is the manner of the spending.
As crazy as it sounds, we could actually make the case in favor of the Democrats being more willing to cut government spending than Republicans. Most Democrats want to cut military spending and that is big money. Republicans are not willing to actually cut any big-ticket items though.
I do not fully believe we should trust Democrats to actually cut government down to size. The only thing we have with the Republicans and Democrats is a giant on going game of leap frog.
To fully understand how things work in Washington one must first understand how compromise works there. The Democrats push to spend more money on program A, The Republicans say no, they want to spend more on program B. So what kind of compromise do we get out of them. They spend more on both.