Federal Spending Up 5 Percent in 2011

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Government spending is up nearly 5 percent so far this budget year despite promises of budget cuts from politicians in Washington, according to a new report by Treasury Department.
Investor's Business Daily also reported that both the federal and state governments have been steadily increasing their spending over the last decade.

According to the latest data, state spending is up 72 percent in the last 10 years, and Washington's spending shot up by 93 percent.

By comparison, the U.S. population has increased by only about 10 percent.

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