The Federal Budget

1
The Federal Budget

• How Much?
• Where Does the Money Go?

2
Changing Budgets 1962-1998
3
Another View
4
Revenues Where the Money Comes From
5
Outlays Where the Money Goes
6
Entitlements A Big Cost
7
Comparing Revenue and Spending
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Systemic Deficits
9
Deficit as of GDP
10
The National Debt 1970 -2005
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Another View 1940-2005
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Debt as of GDP (Liberal View)
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Debt as of GDP (Conservative View)
Note the start date What were we spending money
on in those early years?
14
Per Capita Debt
15
What We Buy Nonfat Dry Milk

• The USDA buys almost 1/2 the nonfat dry milk
  produced and stores 1.2 billion pounds in caves
  and warehouses.
• If each bag was laid end to end, it would stretch
  12,000 miles.

16
What We Buy B-2 Stealth Bomber

• 500,000,000 to
• 1,000,000,000 each.

17
Winners and Losers
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The End
19
Compared to Other Countries
20
Outlays as of GDP