A painstakingly accurate chart from the Mercatus Center's Veronique de Rugy illustrates what current policies will do to our share of the nation's debt. Take your portion today, and double it.

by Ashley Muchow Using data from the CBO’s 2010 Long-Term Budget Outlook, Mercatus Center’s Veronique de Rugy has charted the long-term path of federal spending on three of its largest components–Social Security, Medicare and Medicaid, and interest on federal debt. Here’s the kicker: interest costs, if they remain on their current path, are set to become the majority of...

by Ashley Muchow Illinois has received $8.4 billion in stimulus funds since the American Recovery and Reinvestment Act (ARRA) was passed in early February of last year. While these funds came as life preservers to some, a recent Mercatus on Policy study shows quite the opposite. According to Russell Sobel and George Crowley of the Mercatus Center, federal grant funding leads...

by Amanda Griffin-Johnson As the debate over whether or not to extend the Bush tax cuts continues, Veronique de Rugy of the Mercatus Center adds some much needed perspective by comparing the size of the tax cuts to the amount of spending over the next decade. In The American, the journal of the American Enterprise Institute, Dr. de...

by Kate Piercy In the chart below, Mercatus Center Research Fellow Matt Mitchell compares the actual decline in states’ spending from 2009 to 2010 (in blue) and the sustained cuts in state and local spending necessary to close the gap between spending and revenues over the next 50 years, known as the 50-year fiscal gap (in...

by Kate Piercy The Mercatus Center’s Research Fellow Matt Mitchell used data from the Bureau of Economic Analysis to analyze the evolution of state, local, and private spending since 1950. Mitchell created a chart showing the spending level for each year from 1950 to 2009 and compares spending by state and local governments to spending in...

Veronique de Rugy of the Mercatus Center at George Mason University constructed the diagram below using data from the Congressional Budget Office during the very early stages of the Great Recession and before the Obama presidency. It shows the increase in marginal tax rates required to fund entitlement spending for 2010, 2050 and 2082. The required increase...