© 2012 The Heritage Foundation
Building an America where freedom, opportunity, prosperity, and civil society flourish.
Spending on the three largest entitlement programs—Social Security, Medicare, and Medicaid—will cause federal spending to grow from the historical average of 20 percent of the economy to nearly 35 percent by 2035. Spending on Social Security would increase from 4.8 … Continue reading
Federal spending in fiscal year (FY) 2011 reached $3.6 trillion, an all-time record. When adjusted for inflation, spending is more than three times its peak level in World War II ($1.17 trillion in constant 2011 dollars), and it now consumes … Continue reading
© 2012 The Heritage Foundation