Natural Log of the federal spending data shown yesterday:
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| Graph #1: Natural Log of federal current spending |
The slope of the line indicates the rate of growth.
From say 1952 to 1965 the line goes up.
From 1965 to around 1983 it goes up a lot faster: this was during the "Great Inflation".
After
1983 it goes up about as fast as it did from 1952 to 1965. In other
words, since the 1980s federal spending has been increasing about as
fast as it did during the "golden age" that followed World War Two.
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