explainthebudget.com
Explain the Budget
http://www.explainthebudget.com/front-page
US Budget facts, analysis and commentary. US Spending and Taxes. Over the last 20 years outlays and receipts stayed near their averages as a percentage of GDP until 2009 (including the surplus years of 1998-2001). Since then, revenue is fully 18% below its historical average (-3.3% of GDP) and spending is 25% above its historical share of total GDP ( 5.1% of GDP). If both outlays and receipts were at their 20 year averages (as a percentage of a US GDP that has more than doubled in absolute dollars. The r...
explainthebudget.com
Taxes
http://www.explainthebudget.com/taxes
US Budget facts, analysis and commentary. Federal, State and Local Taxes. Two things jump out when you look back at 50 years of tax history:. The stability, and slow but steady growth of State and Local taxes. The fluctuations, and volatile recent decline in Federal revenues. From 6.2% in 1950 to a record 10.3% of GDP in 2008, state and local revenues grew 66% over five decades. Since 2008, revenues have declined 5%. Combined we're taxing like it's 1959. Source: White House Office of Management and Budget.
explainthebudget.com
Debt
http://www.explainthebudget.com/debt
US Budget facts, analysis and commentary. US Federal debt has grown from a recent low of 56% of GDP in 2001 to an expected 103% in 2011. The growth in the last 10 years accelerated with an 8% increase from 2007 to 2008 followed by a 23% increase in 2009 (and 10% increases per year since). The White House projects the debt will be 105% of GDP in 2016. US Debt in $Trillions and as a % of GDP. Source: White House Office of Management and Budget and ETB calculations. Is it the interest on the debt? Unfortuna...
explainthebudget.com
Historic 2011 budget cuts... Seriously?
http://www.explainthebudget.com/opinion/39-editorial/73-2011-budget-cuts-seriously.html
US Budget facts, analysis and commentary. Historic 2011 budget cuts. Seriously? Is anyone In Washington, on either side of the aisle, serious about the deficit? Look closely at the chart of the 2011 budget. See the relative contribution of tax revenue and borrowing? The blue portion is the bar is the $2.2 Trillion in taxes the government will receive this fiscal year (the Federal budget actually runs on an October 1 to September 30 fiscal year) The recent massive decrease in Federal tax revenue. Is made ...
explainthebudget.com
$60 Billion? Even $100 Billion? Really?
http://www.explainthebudget.com/opinion/39-editorial/64-60-billion-seriously.html
US Budget facts, analysis and commentary. Open message to John Boehner. Fiscal Year 2011's deficit is approximately $1.6 Trillion. That's $1,600 Billion. Mr Speaker. Whether your proposed cuts should be described as $60 or $100 billion is a topic for another day. The House's HR-1 budget proposal. And while we don't agree with everything Alan Simpson says, a 3.75% reduction of record 2011 spending is closer to a " sparrow belch in the midst of the typhoon. Than a serious deficit-reducing agenda. Is made p...
explainthebudget.com
Economy
http://www.explainthebudget.com/economy
US Budget facts, analysis and commentary. Has GDP (Gross Domestic Product) shrunk? Has the Great Recession distorted the budget numbers? US GDP is right on its twenty year upward trend line. At $14.6 trillion, US GDP is at an all-time high. In 1990 it was only $5.7 trillion. Source: White House Office of Management and Budget. How has the economy affected the budget? Are we still in a recession? Has US GDP shrunk? How bad is the US unemployment problem? What has unemployment done to the deficit?
spindetectives.blogspot.com
Spin Detective: The GOP’s Factually Illiterate Fixation with Netanyahu’s Inclination towards War
http://spindetectives.blogspot.com/2015/08/the-gops-factually-illiterate-fixation.html
Tuesday, August 11, 2015. The GOP’s Factually Illiterate Fixation with Netanyahu’s Inclination towards War. With Netanyahu’s inclination to drag us into a war with Iran is mind boggling! Leading the charge,. 2016 Republican presidential candidates. No other President in history. Had to put up with the. By Netanyahu with the aid of the Republican Congress. The President of the United States amidst countless. Standing ovations was extremely. To say the least! See Americans want treason charges link below.
explainthebudget.com
GAO report finds $ Billions in savings
http://www.explainthebudget.com/spending/45-news/68-gao-report-finds-billions-in-savings.html
US Budget facts, analysis and commentary. The darker blue bars represent the average spending (as % of GDP) for five of the major categories of the budget. OMB calls these the Super Functions of spending. The lighter blue bars represent proposed 2011 spending levels. The greatest growth areas through the 2011 proposal are:. Defense: 27.5% above average and up 19% from 2008. Human Resources: 38% above average and up 26% from 2008. Source: White House Office of Management and Budget and ETB calculations.
explainthebudget.com
The Long View: That was Stimulus!
http://explainthebudget.com/spending/35-us-spending/61-long-view-that-was-stimulus.html
US Budget facts, analysis and commentary. The darker blue bars represent the average spending (as % of GDP) for five of the major categories of the budget. OMB calls these the Super Functions of spending. The lighter blue bars represent proposed 2011 spending levels. The greatest growth areas through the 2011 proposal are:. Defense: 27.5% above average and up 19% from 2008. Human Resources: 38% above average and up 26% from 2008. Source: White House Office of Management and Budget and ETB calculations.
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