Washington Will Spend News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Obama Administration has used the recession as an excuse for a historic and permanent expansion of government and deficits. Only during the height of World War II has Washington matched current levels of spending (25% of GDP) and deficits (10% of GDP). Even after the recession, runaway spending is expected to keep annual budget deficits over $1 trillion, which could result in sharply higher interest rates, painful tax increases, and even a Greece-like economic crisis. Beyond our own economic consequences, dumping this staggering debt on future generations would be absolutely immoral.

United statesObama administrationBureau of land managementTechnology innovation programNational forest serviceTechnology programWorld warPresident obamaSocial securityWashington will spendLand managementNational forestAdvanced technology programFederal payFederal budget