Progressives in Congress and the White House are loathe to reduce spending—especially actual reductions, not just the reduced rates of growth that they, along with too many Republicans, masquerade as spending reductions. This reluctance is part of why they’ve been so indisposed toward passing a budget, which would make their spending excesses even more apparent.
Bret Baier, of Fox News, though, has dug out some numbers illustrating the present excesses. Just last November, for instance, the Federal government collected $5 billion in total revenue, while spending $11 billion, each day of the month, for a spending excess of $6 billion per day. The table includes Baier’s numbers and provides some of the biggest spending sources. (The Totals sums won’t agree between across and down due to rounding.)
| Spender | Daily Tab ($billion) | Monthly Tab ($billion) | Projected Annual Tab ($billion) |
| Department of Health and Human Services |
3 |
90 |
1,080 |
| Social Security |
2.5 |
75 |
900 |
| Department of Defense |
1.8 |
54 |
648 |
| interest on the national debt |
0.85 |
25.6 |
307.4 |
| Totals |
8.2 |
244.6 |
2,935 |
Notice that the two biggest spenders are Obamacare—HHS—and Social Security: two of the entitlements which the Progressives have already said are not negotiable—no matter the damage to our economy.
Notice further that those $300+ billion in debt interest are utterly withdrawn from our economy; it’s just the vig on our debt. Those dollars don’t circulate. Moreover, that vig doesn’t pay down the debt a single fēn (分). Then, too, when interest rates revert to our historical levels in the neighborhood of 5% from our current roughly 0.25%, those interest payments will explode to the region of $6,148 billion—over $6 trillion. Per year.
No wonder the Progressives are so reluctant to discuss spending or actual deficit elimination and debt reduction. That would be hard.