Paying the Nation's Bills and Seeing Red
The Washington Report Magazine, Spring 2008
Taxpayers across America are preparing to file their 2007 tax returns. Many are finding that they owe the federal government money and even more are questioning whether or not the growth in federal spending, which reached $2.6 trillion in 2007, is in our national interest. The threat of tax increases and economic insecurity have resulted in a tightening of belts across America, but not in Washington. As a result, many Americans have come to believe that the current budget process has failed to provide the long-term financial security our nation needs. Ultimately, since taxpayers are stuck with the bill, it is important for the public to understand where our money is spent and what long-term projections tell us about budget priorities.