America’s largest cities are increasing their spending at almost unprecedented rates.
A RealClearInvestigations analysis of cities with at least 500,000 residents found they cumulatively raised their per-person spending by 18% over the last 10 budget cycles, accounting for inflation. The only equivalents on record are the spending surges ignited by the Great Society programs of the 1960s and Franklin D. Roosevelt’s New Deal during the 1930s.
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