Never Has Less Cost More

Dismal economic growth is the flip side of trillion dollar deficits -- so expect more of the same, if not worse, indefinitely.

The official verdict is in: Washington has never paid so much for so little. Last week, the Congressional Budget Office released its final tally on the federal government's "fourth consecutive year with a deficit above $1 trillion." And in return, America finished the fourth year of its worst peacetime economic recovery since the Depression.
If government spending was supposed to equal prosperity, America has not gotten what it's paid for. Not that it hasn't paid a lot.
The federal government spent $3.5 trillion in fiscal year 2012. As CBO observes: "Federal spending has totaled between $3.5 trillion and $3.6 trillion in each of the past four years…" Prior to these four years, government spending had never broken $3 trillion.

Read more: http://spectator.org/archives/2012/11/19/never-has-less-cost-more