Question

Federal spending increased steadily from 1960 to 2010, reaching about 1.62 trillion in 2010. Which of the following contributes to the trend in federal spending? interest payments on the national debt required spending on Medicare and Medicaid government subsidies to farmers and oil companies federal funding for states' public education systems

Answer 1

Federal spending increases from 1960 to 2010 are a result of increases in the federal budget during these periods generally. However, included in these payments are factors such as interest payments on the national debt, required spending on Medicare and Medicaid, subsidies to farmers and oil companies.