Federal spending has been increasing dramatically since about 1993. From 1993 to 2000, spending increases by 3.1%. In the next decade, it rose by about 6% from 2001-2006 and 8.5% from 2007-2010.
Reining in the Run Away U.S. Debt
Balanced budget legislation along with uneasiness about the national debt has a long history in the United States and across the globe. In the U.S., opposition to debt spending and government borrowing began just years after the creation of our government.
