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Ballooning Deficit

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U.S. Senator Elizabeth Warren (D–MA) claims that Republicans are to blame for the “ballooning deficit” because they “have passed massive giveaways to the wealthy” for “decades.”

IN FACT, the main cause of the ballooning deficit is social programs, which have grown 21% of federal spending in 1960 to 64% today:

 

Meanwhile, federal spending has grown from 17% of the U.S. economy to 23%, while taxes have stayed about level at 17%:

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