Man the CBO makes it tough to figure out what absolute spending levels will be. Their analysis of the December/January budget deal–the one that spared us the horrors of the fiscal cliff–is couched as changes relative to the then-current baseline. So I took that as the August 2012 CBO Outlook, and constructed the following:
I have a more comprehensive analysis that may be published soon at a different site; I’ll link it from here when that happens. But in the meantime, I wanted to reward diligent Free Advice readers with a sneak peak.