No more government - boo hoo!

[classicman]

Originally Posted by glatt

Only as a percentage. In other words, the pie got bigger, but the chart doesn't show that.

But I did offer that information as well.

In fiscal year 2007 federal income was $2.568 trillion and outlays were $2.730 trillion, leaving a deficit of $.162 trillion.

In fiscal year 2009 federal income was $2.105 trillion and outlays were $3.518 trillion, leaving a deficit of $1.413 trillion.

The amount of borrowing on the income side was the largest change.

@ F&B - I thought congress was in charge of spending? When did this become a presidential issue?