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?

[richlevy]

Reminder: TARP was authorized under Bush II.

2007 also included a lot of budget trickery centered around war spending.

http://www.politifact.com/truth-o-me...dgets-for-war/

[glatt]

Originally Posted by classicman

But I did offer that information as well.

Yeah, you did. I was just trying to clarify. It looked like Merc was reading the chart wrong and taking the wrong message from it. It's not that defense went down, it's that other spending went up.

[Fair&Balanced]

Originally Posted by classicman

But I did offer that information as well.


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?

Congress appropriates the money.

The Executive Branch spends the money and the outlays in the chart represent the amount of money spent.

Do you have a cite for the chart? I dont think it presents a complete picture, unless it was detailed in a narrative that was not included.

[classicman]

Originally Posted by Fair&Balanced

Do you have a cite for the chart?

Look at your 1040 booklet - that's where I got it. I found the images using the online versions. They were on page 97 for '09.
'07 - http://web.bus.ucf.edu/faculty/ckell...ral_budget.pdf