1.   And in a reversal of recent trends, they said, private spending will grow faster than public outlays.

2.   As it happens, the CBO also offered a more realistic projection based on the assumption that discretionary spending grows with inflation.

3.   Daniels noted, for example, that the latest CBO projections assume that government spending will grow with inflation.

4.   First, private-sector spending was growing faster than income, causing a huge increase in corporate and household debt.

5.   Government spending grew only minimally.

6.   Grassley responded that without a big tax cut, federal spending would grow out of control, leaving the country with a weaker economy and a bloated government.

7.   In recent years Medicaid spending has grown in double-digit rates, more than doubling in size over the last five years.

8.   So the realistic projection is that discretionary spending will grow at least as fast as GDP.

9.   Construction spending grew for the fifth straight month in February with commercial projects and single-family homes posting big gains.

10.   Household spending grew in all areas except in purchases of cars and cigarettes.