Trump's Budget

POSTED BY: JEWELSTAITEFAN
UPDATED: Monday, July 13, 2026 16:10
VIEWED: 32160
PAGE 6 of 32

From the President's Federal Budget, FY2008:

Year Revenue Outlays Deficit Nat GDP
2012 $3,307B $3,246B $-61B $17,786
2011 $3,104B $3,167B $ 54B $16,938
2010 $2,955B $3,049B $ 94B $16,112
2009 $2,798B $2,985B $187B $15,306
2008 $2,662B $2,902B $239B $14,515
2007 $2,540B $2,784B $244B $13,761
2006 $2,407B $2,655B $248B $13,061


Which holds true to historical practice. Democrats always exaggerate or overestimate Revenues and downplay or underestimate Expenditures, and Conservative Republicans always underestimate Revenue projections and overestimate Expenditure projections (but Democrats then find some pork to fill in the difference).

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From the President's Federal Budget, FY2007:

Year Revenue Outlays Deficit Nat GDP
2011 $3,035B $3,240B $205B $16,955
2010 $2,878B $3,061B $183B $16,102
2009 $2,714B $2,922B $208B $15,296
2008 $2,590B $2,814B $223B $14,521
2007 $2,416B $2,770B $354B $13,761
2006 $2,285B $2,709B $423B $13,030
2005 $2,154B $2,472B $318B $12,290

We can see for FY2006 that the Revenues still ended up (in FY2008 Budget Summary) $122 Billion more than projections from one year before, which was halfway through the Fiscal Year. About an 18% increase in Revenue. The Expenditures in Reality were reduced by $54 Billion, a 2% reduction. The Real World GDP surpassed the projection by $31 Billion, despite being only one year prior.


From the President's Federal Budget, FY2006:
Year Revenue Outlays Deficit Nat GDP
2010 $2,821B $3,028B $207B $15,906
2009 $2,650B $2,883B $233B $15,111
2008 $2,507B $2,758B $251B $14,349
2007 $2,344B $2,656B $312B $13,627
2006 $2,178B $2,568B $390B $12,907
2005 $2,053B $2,479B $427B $12,227
2004 $1,880B $2,292B $412B $11,553


Which holds true to historical practice. Democrats always exaggerate or overestimate Revenues and downplay or underestimate Expenditures, and Conservative Republicans always underestimate Revenue projections and overestimate Expenditure projections (but Democrats then find some pork to fill in the difference).

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From the President's Federal Budget, FY2002:

Year Revenue Outlays Deficit Nat GDP

2011 $3,233B $2,706B $-526B
2010 $3,058B $2,593B $-465B
2009 $2,910B $2,490B $-420B
2008 $2,771B $2,398B $-373B
2007 $2,643B $2,303B $-340B
2006 $2,529B $2,224B $-305B
2005 $2,438B $2,169B $-269B
2004 $2,339B $2,077B $-262B
2003 $2,258B $2,016B $-242B
2002 $2,192B $1,961B $-231B
2001 $2,137B $1,856B $-281B

Total Surplus from 2002-2011 = $3.433 Trillion. The majority of the Federal Debt Clinton had left to Bush43 would have been paid off.

This was, of course, the last Budget developed before 9/11.


Which holds true to historical practice. Democrats always exaggerate or overestimate Revenues and downplay or underestimate Expenditures, and Conservative Republicans always underestimate Revenue projections and overestimate Expenditure projections (but Democrats then find some pork to fill in the difference).

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From the President's Federal Budget, FY2019:

Year Revenue Outlays Deficit Nat GDP
2028 $5,818B $6,181B $363B $32,602
2027 $5,506B $5,955B $450B $31,089
2026 $5,231B $5,748B $517B $29,647
2025 $4,946B $5,526B $579B $28,253
2024 $4,675B $5,348B $672B $26,900
2023 $4,386B $5,160B $774B $25,605
2022 $4,089B $4,941B $852B $24,369
2021 $3,838B $4,754B $916B $23,194
2020 $3,609B $4,596B $987B $22,067
2019 $3,422B $4,407B $984B $21,003
2018 $3,340B $4,214B $873B $20,029
2017 $3,316B $3,982B $665B $19,177

The Revenue projections are reduced from the exaggerated amounts Obama assumed. Deficits upcoming are increased due to more realistic projections. For 2017 the figures were updated from Obama's base projections and last year corrections. Trump's GDP is revised up, and Expenditures are revised down.

Which holds true to historical practice. Democrats always exaggerate or overestimate Revenues and downplay or underestimate Expenditures, and Conservative Republicans always underestimate Revenue projections and overestimate Expenditure projections (but Democrats then find some pork to fill in the difference).

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Copied from a delusional thread:

Quote:

---

Originally posted by second:
The Republicans’ $1.5 trillion tax cut will increase the federal debt by $1.9 trillion.

This comes from Table B-3 in the Congressional Budget Office report, page 129, so far in the back that no one reads it. The exact figure is $1.854 trillion from 2018 to 2028. That number was promised by Trump to be zero dollars or even a negative number.
www.cbo.gov/publication/53651

In other words, the tax cut doesn’t pay for itself. It doesn’t even partially pay for itself.

www.motherjones.com/kevin-drum/2018/04/cbo-projects-1-5-trillion-tax-c
ut-will-cost-1-6-trillion/

---

Another ridiculous post quoted for posterity.

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Possible data links:

[img]]

https://www.zerohedge.com/news/2018-04-21/economy-cooked

https://fred.stlouisfed.org/graph/?g=jxo1

https://fred.stlouisfed.org/graph/?g=jxnZ

Gee, nothing newer than Nov 2014?
https://research.stlouisfed.org/publications/economic-synopses/2016/03
/04/revisiting-gdp-growth-projections/?&utm_source=fred.stlouisfed.org&utm_medium=Referral&utm_term=related_resources&utm_content=&utm_campaign=es


Why does all this data end at the end of 2016? No data available from Trump Time?

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Quote:

---

Originally posted by JEWELSTAITEFAN:
Possible data links:

[img]]

https://www.zerohedge.com/news/2018-04-21/economy-cooked

https://fred.stlouisfed.org/graph/?g=jxo1

https://fred.stlouisfed.org/graph/?g=jxnZ

Gee, nothing newer than Nov 2014?
https://research.stlouisfed.org/publications/economic-synopses/2016/03
/04/revisiting-gdp-growth-projections/?&utm_source=fred.stlouisfed.org&utm_medium=Referral&utm_term=related_resources&utm_content=&utm_campaign=es


Why does all this data end at the end of 2016? No data available from Trump Time?

---

It's pretty common for data like this to be behind a year or two. I'm not convinced this is part of the MSM war on Trump.

Do Right, Be Right. :)

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You think nobody in Government knows how much Product is generated, until after 2 years have past?

Good thing nobody needs to pay any Taxes, like, Quarterly. Nor any Sales Taxes, at time of sale or delivery.

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Quote:

---

Originally posted by JEWELSTAITEFAN:
You think nobody in Government knows how much Product is generated, until after 2 years have past?

Good thing nobody needs to pay any Taxes, like, Quarterly. Nor any Sales Taxes, at time of sale or delivery.

---

Sure they know. With computers they could probably give you a number by the minute.

The thing is, they don't. They never did. This is nothing new.

Do Right, Be Right. :)

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Finally, now this could be a useful link:
https://fred.stlouisfed.org/series/GDP

Quote:

---

Originally posted by JEWELSTAITEFAN:
From the President's Federal Budget, FY2019:

Year Revenue Outlays Deficit Nat GDP
2028 $5,818B $6,181B $363B $32,602
2027 $5,506B $5,955B $450B $31,089
2026 $5,231B $5,748B $517B $29,647
2025 $4,946B $5,526B $579B $28,253
2024 $4,675B $5,348B $672B $26,900
2023 $4,386B $5,160B $774B $25,605
2022 $4,089B $4,941B $852B $24,369
2021 $3,838B $4,754B $916B $23,194
2020 $3,609B $4,596B $987B $22,067
2019 $3,422B $4,407B $984B $21,003
2018 $3,340B $4,214B $873B $20,029
2017 $3,316B $3,962B $665B $19,177

The Revenue projections are reduced from the exaggerated amounts Obama assumed. Deficits upcoming are increased due to more realistic projections. For 2017 the figures were updated from Obama's base projections and last year corrections. Trump's GDP is revised up, and Expenditures are revised down.

Which holds true to historical practice. Democrats always exaggerate or overestimate Revenues and downplay or underestimate Expenditures, and Conservative Republicans always underestimate Revenue projections and overestimate Expenditure projections (but Democrats then find some pork to fill in the difference).

---

Apparently the Q1 2018 update has GDP at 19.965 Trillion.
The projected change from 19.177 to 20.029 for 4 quarters (0.852) would average 0.213 per quarter.
But the economy is accelerating so fast that the First Quarter already increased by 0.788 Trillion. Maintain that pace would result in 3.152 increase, or 22.329 GDP for 2018. That level is not even projected until Midway thru 2021.
This is 11% more than the projection. That 11% more will result in more Revenue, perhaps $167 - $334 Billion more. This reduces the Deficit to $539 - $706 Billion for 2018.
Which could be less than the $665 Billion Obamanomics Deficit from 2017.


Because the numbers from BEA are not used in the President's Federal Budget during this century, the relevant figures had to be interpolated. For this reason the 20,029 would be replaced by 20,085. An increase of $56 Billion for 2018.
I will attempt to revise the data with this new data bump, using a linear increase to GDP. Then a corresponding change to Revenue. And a corresponding change to the reduction in Debt Service.

Year Revenue Outlays Deficit Nat GDP Rev GDP Revenue Outlays Deficit
2028 $5,818B $6,181B $363B $32,602 $32,658 $5,918B $6,168B $250B
2027 $5,506B $5,955B $450B $31,089 $31,145 $5,606B $5,943B $338B
2026 $5,231B $5,748B $517B $29,647 $29,703 $5,331B $5,737B $406B
2025 $4,946B $5,526B $579B $28,253 $28,309 $5,046B $5,517B $470B
2024 $4,675B $5,348B $672B $26,900 $26,956 $4,775B $5,340B $564B
2023 $4,386B $5,160B $774B $25,605 $25,661 $4,486B $5,153B $667B
2022 $4,089B $4,941B $852B $24,369 $24,425 $4,189B $4,936B $747B
2021 $3,838B $4,754B $916B $23,194 $23,250 $3,938B $4,750B $812B
2020 $3,609B $4,596B $987B $22,067 $22,123 $3,709B $4,593B $884B
2019 $3,422B $4,407B $984B $21,003 $21,059 $3,522B $4,406B $883B
2018 $3,340B $4,214B $873B $20,029 $20,085 $3,440B $4,214B $773B
2017 $3,316B $3,962B $665B $19,177

This GDP bump results in a projected reduction of $1.163 Trillion in the Federal Debt during the 11 years from 2018-2028.


And I will also show a revised table using a continued increase in GDP, not to exceed the peak growth rate of 2006-2018.

Year Revenue Outlays Deficit Nat GDP Rev GDP Revenue Outlays Deficit
2028 $5,818B $6,181B $363B $32,602 $33,207 $6,025B $6,163B $138B
2027 $5,506B $5,955B $450B $31,089 $31,639 $5,710B $5,939B $230B
2026 $5,231B $5,748B $517B $29,647 $30,142 $5,430B $5,733B $303B
2025 $4,946B $5,526B $579B $28,253 $28,693 $5,145B $5,514B $368B
2024 $4,675B $5,348B $672B $26,900 $27,285 $4,875B $5,337B $461B
2023 $4,386B $5,160B $774B $25,605 $25,935 $4,555B $5,151B $596B
2022 $4,089B $4,941B $852B $24,369 $2

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