In 1997, Federal Budget was $1.6T. Today, that's the deficit!!!

Discussion in 'Politics' started by Late2TheParty, Mar 21, 2011.

  1. Late2TheParty
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    Late2TheParty Classical Liberal

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    So what changed so much in 14 years? Let's look:
    1997 United States federal budget - Wikipedia, the free encyclopedia

    2010 United States federal budget - Wikipedia, the free encyclopedia
    (I'm using 2010 figure, since 2011 is not out yet. 2011 will be 100B more overall)

    * Mandatory spending in 1997: $1.093 trillion
    o $364.8 billion - Social Security
    o $187.4 billion - Medicare
    o $105.6 billion - Medicaid
    o $103.9 billion - Means-tested entitlements
    o $-4.3 billion - Deposit Insurance
    o $138.1 billion - Other mandatory programs
    o $-41 billion - Undistributed off-setting receipts
    o $238.5 billion - Interest on National Debt

    * Mandatory spending in 2010: $2.009 trillion (+$916B)
    o $695 billion (+$330B) – Social Security
    o $571 billion (+) – Other mandatory programs
    o $453 billion (+$265.6B) – Medicare
    o $290 billion (+$184B) – Medicaid
    o $164 billion (-$74.5) – Interest on National Debt
    o $11 billion (+$) – Potential disaster costs
    o $0 billion (−100%) – Troubled Asset Relief Program (TARP)
    o $0 billion (−100%) – Financial stabilization efforts​

    Predictably, Social Security, Medicare, and Medicaid bulked up. Not sure what "Other Mandatory Programs" are in 2010, as it's not itemized in 1997 as such. Pretty huge at $571B.

    Interestingly, we're making less interest payments now than in 1997. Must be like those "minimum payments" on a credit card - where a $600 computer ends up costing $5k in 7 years.


    * Discretionary spending in 1997: $542.3 billion
    o $2.4 - Legislative Branch
    o $3.2 - The Judiciary
    o $0.2 - Executive Office of the President
    o $12.1 - Presidential Appropriated Funds
    o $251.8 billion - Department of Defense (including Overseas Contingency Operations)
    o $33.3 billion - Department of Health and Human Services
    o $35.4 billion - Department of Transportation
    o $19.1 billion - Department of Veterans Affairs
    o $5.0 billion - Department of State and Other International Programs
    o $33.2 billion - Department of Housing and Urban Development
    o $25.0 billion - Department of Education
    o $16.7 billion - Department of Energy
    o $15.3 billion - Department of Agriculture
    o $14.9 billion - Department of Justice
    o $13.7 billion - National Aeronautics and Space Administration
    o $4.1 billion - Department of Commerce
    o $10.2 billion - Department of Labor
    o $11.3 billion - Department of the Treasury
    o $7.3 billion - Department of the Interior
    o $6.7 billion - Environmental Protection Agency
    o $5.4 billion - Social Security Administration
    o $0.8 billion - Small Business Administration
    o $0.5 billion - General Services Administration
    o $0.2 billion - Office of Personnel Management
    o $14.0 billion - Other Agencies
    o $0.5 billion - Other programs

    * Discretionary spending in 2010: $1.368 trillion (+$826B)
    o $663.7 billion (+$411.9B) – Department of Defense (including Overseas Contingency Operations)
    o $78.7 billion (+$45.4B) – Department of Health and Human Services
    o $72.5 billion (+$37B) – Department of Transportation
    o $52.5 billion (+$32B) – Department of Veterans Affairs
    o $51.7 billion (+$45B) – Department of State and Other International Programs
    o $47.5 billion (+$14B) – Department of Housing and Urban Development
    o $46.7 billion (+$22B) – Department of Education
    o $42.7 billion (N/A) – Department of Homeland Security
    o $26.3 billion (+$10B) – Department of Energy
    o $26.0 billion (+$11B) – Department of Agriculture
    o $23.9 billion (+$9B) – Department of Justice
    o $18.7 billion (+$5B) – National Aeronautics and Space Administration
    o $13.8 billion (+$10B) – Department of Commerce
    o $13.3 billion (+$2B) – Department of Labor
    o $13.3 billion (+$6B) – Department of the Treasury
    o $12.0 billion (+$5B) – Department of the Interior
    o $10.5 billion (+$3B) – Environmental Protection Agency
    o $9.7 billion (+$4B) – Social Security Administration
    o $7.0 billion (N/A) – National Science Foundation
    o $5.1 billion (N/A) – Corps of Engineers
    o $5.0 billion (N/A) – National Infrastructure Bank
    o $1.1 billion (N/A) – Corporation for National and Community Service
    o $0.7 billion (-0.1B) – Small Business Administration
    o $0.6 billion (+$0.1) – General Services Administration
    o $19.8 billion (+$6B) – Other Agencies
    o $105 billion – (+104B) Other​

    Here, the Military, Veteran's Affairs, and "Other" bulked up considerably. Homeland Security as well, as it didn't exist before, but I'm not sure if I should compare it, as I don't know everything under its command.

    Now, I know it's fashionable to hate on Obama for all of this and underplay Bush's role, but his last submitted budget was the 2009 budget. It forecast $2.7T revenue and the government really got $600B less. At the same time, expenditures exceeded expectations.

    2009 United States federal budget - Wikipedia, the free encyclopedia

    Again, Bush's last deficit was $1.4T

    What I see here is an utter failure on both sides, with Government having grown steadily under Bush and growing moreso under Obama, coupled with mandatory entitlement spending stemming back decades.
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says go ahead an' get it over with...
    :eusa_eh:
    When to cut the deficit: Sooner or later?
    March 22, 2011 -- The debate among economists is not whether to reduce the more than $14 trillion of federal debt. It's when.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Obama gonna fix it...
    :eusa_liar:
    Obama turns next to cutting deficit
    10 Apr.`11 WASHINGTON — President Obama plans to outline a fresh multiyear plan to cut the federal deficit by raising taxes on the wealthy and limiting government health benefits for the poor and elderly in what the White House says will be a major speech to the nation Wednesday.
     

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