(WASHINGTON EXAMINER) — Federal spending over the past 20 years has surged 71 percent faster than inflation, much of it on bloated and wasteful programs and services, including Vice President Joe Biden’s favorite mode of travel: Amtrak.
According to the newly revised Heritage Foundation report, “Federal Spending by the Numbers,” the rail service lost $84.5 million alone on its food and beverage services in 2011, and $833.8 million over the past 10 years. “It has never broken even on these services,” said Heritage.
The regularly revised analysis found that federal spending spiked this year to $3.6 trillion, which is nearly 23 percent of the U.S. economy. And to illustrate why the federal deficit has reached $1 trillion each year of the Obama presidency, Heritage determined that for every $6.80 Washington collects in taxes, it spends $10, meaning that the Treasury has to borrow the remaining $3.20.