Mad Hatter's Hatbox

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Federal Gov Spending For Fiscal 2011

The Congressional Budget Office announced spending for fiscal 2011, a mere 3.6 trillion, surpassing the 3.52 trillion spent in 2009. The information included below is from the Wall Street Journal. Anyone who said Bush’s tax cuts led to the current problems should look at how close we came to balancing the budget in 2007. The source for this information is the Congressional Budget Office.

Year   Receipts   Outlays   Deficit   Deficit as share of GDP
2007   $2,568     $2,729   $161       1.2%
2008   $2,524     $2,983   $459       3.2%
2009   $2,104     $3,520   $1,416     10.0%
2010   $2,162     $3,456   $1,294     8.9%
2011   $2,303     $3,600   $1,298     8.6%

Amounts are in billions of dollars.

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