Dodd-Frank Act

A new program called Federal Spending made its debut on Thursday, July 16. Produced by Inside Analysis in conjunction with Breaking Gov, this apolitical show has a formidable aim: tracking the path of federal dollars. The inaugural episode offered valuable insight into the expenditures of the Troubled Assets Relief Program (TARP) and a newly-mandated federal regulatory agency.

Before any current spending trends were discussed, Robin Bloor, Founder and CEO of The Bloor Group, presented a brief overview of federal spending in relation to the Gross Domestic Product (GDP). “You would think that just by leveraging taxes upon the GDP that the government would have a lot more money to spend,” said Bloor. The discrepancy between expenditures and income, however, explains why the US debt is over 100% of the GDP. Keep reading →