Trump's Budget
POSTED BY: JEWELSTAITEFAN
UPDATED: Monday, July 13, 2026 16:10
VIEWED: 32160
PAGE 11 of 32
And also with today's new data:
Here I'll add a column showing how far behind the pace the Obamanomics years were.
That revision is a huge manipulation of data, so I'll try to flesh it out a bit here.
Did we really need to redefine what the GDP was in 2000? In 1930?
Did we not know what the GDP was within a few years, so now we
should rewrite history?
The Deep State Obamabots at BEA have feverishly been endeavoring to deny reality.
Quote:
Originally posted by JEWELSTAITEFAN:
New report today from BEA. This is for the Quarter ending with June.
Updating some figures.
This data does appear to be listed under Calendar Year Quarters as opposed to Fiscal Year Quarters elsewhere.
Yes, this is Table.1.1.5 (use the Modify button to adjust dates) at this link:
https://bea.gov/iTable/iTable.cfm?Quote:
Originally posted by JEWELSTAITEFAN:
https://bea.gov/iTable/iTable.cfm
Guess I need to specify Table 1.1.5.
This GDP data is from BEA News Release Archives. Current-Dollar GDP.
I noticed a trend among the BEA data. The figures from BEA do not match other info. But they make monthly reports, each Quarter has an Advanced Estimate, then 2nd Estimate, then 3rd Estimate, before the final figure.
FY2015Q1, Cal YRQ4 17,710.7 17,701.3 17,703.7 17,703.7 --07.0
FY2015Q2, Cal YRQ1 17,710.0 17,665.0 17,693.3 17,649.3 --60.7
FY2015Q3, Cal YRQ2 17,840.5 17,902.0 17,913.7 17,913.7 +73.2
FY2015Q4, Cal YRQ3 18,034.8 18,064.7 18,060.2 18,060.2 +25.4
FY2016Q1, Cal YRQ4 18,128.2 18,148.4 18,164.8 18,164.8 +36.6
FY2016Q2, Cal YRQ1 18,221.1 18,229.5 18,230.1 18,281.6 +60.5
FY2016Q3, Cal YRQ2 18,437.6 18,436.5 18,450.1 18,450.1 +12.5
FY2016Q4, Cal YRQ3 18,651.2 18,657.9 18,675.3 18,675.3 +24.1
FY2017Q1, Cal YRQ4 18,860.8 18,855.5 18,869.4 18,905.5 +44.7
FY2017Q2, Cal YRQ1 19,007.3 19,027.6 19,027.1 19,057.7 +50.4
FY2017Q3, Cal YRQ2 19,226.7 19,246.7 19,250.0 19.250.0 +23.3
FY2017Q4, Cal YRQ3 19,495.5 19,509.0 19,500.6 19,500.6 +05.1
FY2018Q1, Cal YRQ4 19,738.9 19,736.5 19,754.1 19,754.1 +15.2
FY2018Q2, Cal YRQ1 19,965.3 19,956.8 19,960.1 (19963.3)-2.0
FY2018Q3, Cal YRQ1(20334.2) gain 370.9
Now placing equivalent figures in parentheses, following 27 July 2018 revisions.Quote:
Display stabilization row:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXX
FY2000 Q1 09926.1 Q2 10031.0 Q3 10278.3 Q4 10357.4 FY 10148.2
FY2001 Q1 10472.3 Q2 10508.1 Q3 10638.4 Q4 10639.5 FY 10564.6
FY2002 Q1 10701.3 Q2 10834.4 Q3 10924.8 Q4 11037.1 FY 10876.9
FY2003 Q1 11103.8 Q2 11230.1 Q3 11370.7 Q4 11625.1 FY 11332.4
FY2004 Q1 11816.7 Q2 11988.4 Q3 12181.4 Q4 12367.7 FY 12088.6
FY2005 Q1 12562.2 Q2 12813.7 Q3 12974.1 Q4 13205.4 FY 12888.9
FY2006 Q1 13381.6 Q2 13648.9 Q3 13799.8 Q4 13908.5 FY 13684.7
FY2007 Q1 14066.4 Q2 14233.2 Q3 14422.3 Q4 14569.7 FY 14322.9
FY2008 Q1 14685.3 Q2 14668.4 Q3 14813.0 Q4 14843.0 FY 14752.4
FY2009 Q1 14549.9 Q2 14383.9 Q3 14340.4 Q4 14384.1 FY 14414.6
FY2010 Q1 14566.5 Q2 14681.1 Q3 14888.6 Q4 15057.7 FY 14798.5
FY2011 Q1 15230.2 Q2 15238.4 Q3 15460.9 Q4 15587.1 FY 15379.1
FY2012 Q1 15785.3 Q2 15973.9 Q3 16121.9 Q4 16227.9 FY 16027.2
FY2013 Q1 16297.7 Q2 16475.4 Q3 16541.4 Q4 16749.3 FY 16515.9
FY2014 Q1 16999.9 Q2 17031.3 Q3 17320.9 Q4 17622.3 FY 17243.6
FY2015 Q1 17735.9 Q2 17874.7 Q3 18093.2 Q4 18227.7 FY 17982.9
FY2016 Q1 18287.2 Q2 18325.2 Q3 18538.0 Q4 18729.1 FY 18469.9
FY2017 Q1 18905.5 Q2 19057.7 Q3 19250.0 Q4 19500.6 FY 19178.4
FY2018 Q1 19754.1 Q2 est3 19960.1 trending FY 20101 - 4.9%
FY2018 Q1 19754.1 Q2(19963.3)Q3(20324.8) (advanced est)
Calendar Year 2017 GDP was 19,391 according to CBO. $19,390.6 from above.
With new data from 27 July 2018:
Yr FY Qrtr1 FY Qrtr2 FY Qrtr3 FY Qrtr4 FiscalYr CalndrYr Paced FY
00 09890.4 10002.9 10247.7 10319.8 10107.4 10252.3
01 10439.0 10472.9 10597.8 10596.3 10526.5 10581.8 10659.7 --133
02 10660.3 10789.0 10893.2 10992.1 10833.6 10936.4 11212.0 --380
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CBO released the Monthly Update today.
Updating with new data:
https://www.cbo.gov/publication/54442
This looks like an interesting resource linky:
https://www.cbo.gov/about/products/major-recurring-reports#9
https://WWW.CBO.Gov/about/press-center
Apr 2018 CBO estimate:
https://www.cbo.gov/publication/53821#section2
These data sources actually seem to correlate to the figures in the Budget Statements.
I'll try to post some data to breakdown how the projections progress.
The 1st column is Category and Fiscal Year. Categories are Revenue, Outlays, Surplus/Deficit (estimate) and Surplus/Deficit (Actual, or corrected). Projected is the figure that CBO projected for the FY, most recent at the time of the report. Proportional Percent is the cumulative Deficit compared to the actual FY Total. For the newest year, % Projection is based upon the historical proportion for that month of the cycle.
Each FY has 2 groups. First group is the individual month data. Second group is the cumulative Deficit for that FY so far.
Figures in Billions.
CatFY Oct Nove Dece Janu Febru Marc April MMay June July Augu Sept
Rev16 211 $205 $350 $314 $169 $228 $438 $225 $330 $210 $231 $358
Out16 347 $270 $364 $258 $362 $336 $332 $277 $323 $323 $338 $323
S/D16 -136 -$65 --$14 +$55 --193 --108 +106 --$53 +$06 --113 --107 +$35
Rev16 211 $416 $766 1079 1248 1476 1915 2139 2469 2679 2910 3268
Out16 347 $617 $981 1240 1601 1936 2268 2545 2868 3191 3529 3852
S/D16 -136 -201 --216 --160 --353 --459 --353 --405 --399 --512 --619 --585
Projtd -414 -414 --414 --544 --544 --534 --534 --534 --534 --534 --590 --590
Port% 23.2 34.4 36.9% 27.4 60.3% 78.5 60.3 69.2% 68.2 87.5 106% 100%
Rev17 222 $200 $319 $344 $172 $217 $456 $240 $339 $231 $226 $348
Out17 267 $337 $347 $293 $364 $393 $273 $327 $426 $276 $336 $342
S/D17 --46 --137 --$27 +$51 --192 --176 +182 --$87 --$87 --$45 --109 +$06
Rev17 222 $422 $741 1085 1257 1473 1929 2168 2509 2738 2966 3314
Out17 267 $604 $951 1243 1607 2000 2273 2600 3028 3307 3642 3982
S/D17 --46 --183 --210 --159 --351 --527 --344 --432 --520 --568 --675 --668
Projtd -594 -594 --594 --559 --559 --559 --559 --559 --693 --693 --693 --693
Port% 06.9 27.5 31.6% 23.9 52.8% 79.2 51.7 65.0% 78.2 85.4 101% 100%
Rev18 235 $210 $326 $362 $157 $213 $515 $217 $314 $225 $219
Out18 299 $344 $352 $311 $373 $420 $297 $361 $389 $301 $430
SDEst --62 --134 --$26 +$51 --216 --207 +218 --144 --$75 --$75 --211
Act18 --63 --139 --$23 +$49 --215 --209 +214 --146 --$74 --$77
Rev18 235 $445 $770 1131 1287 1499 2012 2224 2539 2766 2985
Out18 299 $643 $998 1306 1679 2097 2394 2754 3146 3448 3880
SDEst --62 --198 --228 --174 --392 --598 --382 --530 --607 --682 --894
Act18 --63 --202 --225 --176 --391 --600 --386 --532 --606 --683
Projtd -873 -873 --873 --873 --873 --873 --804 --792 --793 --793 --793 --793
%Prjt7 -911 -734 --713 --736 --741 --757 --747 --815 --776 --799
%Prjt6 -271 -588 --609 --644 --648 --765 --640 --766 --890 --779
Display stabilization row:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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I just read that Congress had passed an extra $300 Billion in spending over the next 2 years, as of this past June. It was reportedly front loaded.
The Deficit has been running about $100 Billion more than the prior year, so with a known boost of about $150 Billion per year, Trump is actually reversing directional trend and reducing the Deficit track.
The Deficit has been running about $200 Billion over that of 2 years ago, and the GDP has been growing more than $500 Billion the past 2 years, so this could be finally turn this ship around from the whirlpool Bobo headed us for.
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TRUMP SPARKS OUTRAGE WITH PLAN TO DIVERT NEARLY $200 MILLION FROM HEALTH PROGRAMS TO FUND CHILD DETENTION
https://www.newsweek.com/trump-sparks-outrage-plan-divert-nearly-200m-
health-programs-fund-child-1135143
We don't want to fund healthcare, because putting innocent children in cages and torturing them is a higher priority to this president.
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And also with today's new data:
Here I'll add a column showing how far behind the pace the Obamanomics years were.
That revision is a huge manipulation of data, so I'll try to flesh it out a bit here.
Did we really need to redefine what the GDP was in 2000? In 1930?
Did we not know what the GDP was within a few years, so now we
should rewrite history?
The Deep State Obamabots at BEA have feverishly been endeavoring to deny reality.
Quote:
Originally posted by JEWELSTAITEFAN:
New report today from BEA. This is for the Quarter ending with June.
Updating some figures.
This data does appear to be listed under Calendar Year Quarters as opposed to Fiscal Year Quarters elsewhere.
Yes, this is Table.1.1.5 (use the Modify button to adjust dates) at this link:
https://bea.gov/iTable/iTable.cfm?Quote:
Originally posted by JEWELSTAITEFAN:
https://bea.gov/iTable/iTable.cfm
Guess I need to specify Table 1.1.5.
This GDP data is from BEA News Release Archives. Current-Dollar GDP.
I noticed a trend among the BEA data. The figures from BEA do not match other info. But they make monthly reports, each Quarter has an Advanced Estimate, then 2nd Estimate, then 3rd Estimate, before the final figure.
FY2015Q1, Cal YRQ4 17,710.7 17,701.3 17,703.7 17,703.7 --07.0
FY2015Q2, Cal YRQ1 17,710.0 17,665.0 17,693.3 17,649.3 --60.7
FY2015Q3, Cal YRQ2 17,840.5 17,902.0 17,913.7 17,913.7 +73.2
FY2015Q4, Cal YRQ3 18,034.8 18,064.7 18,060.2 18,060.2 +25.4
FY2016Q1, Cal YRQ4 18,128.2 18,148.4 18,164.8 18,164.8 +36.6
FY2016Q2, Cal YRQ1 18,221.1 18,229.5 18,230.1 18,281.6 +60.5
FY2016Q3, Cal YRQ2 18,437.6 18,436.5 18,450.1 18,450.1 +12.5
FY2016Q4, Cal YRQ3 18,651.2 18,657.9 18,675.3 18,675.3 +24.1
FY2017Q1, Cal YRQ4 18,860.8 18,855.5 18,869.4 18,905.5 +44.7
FY2017Q2, Cal YRQ1 19,007.3 19,027.6 19,027.1 19,057.7 +50.4
FY2017Q3, Cal YRQ2 19,226.7 19,246.7 19,250.0 19.250.0 +23.3
FY2017Q4, Cal YRQ3 19,495.5 19,509.0 19,500.6 19,500.6 +05.1
FY2018Q1, Cal YRQ4 19,738.9 19,736.5 19,754.1 19,754.1 +15.2
FY2018Q2, Cal YRQ1 19,965.3 19,956.8 19,960.1 (19963.3)-2.0
FY2018Q3, Cal YRQ1(20334.2) gain 370.9
Now placing equivalent figures in parentheses, following 27 July 2018 revisions.Quote:
Display stabilization row:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXX
FY2000 Q1 09926.1 Q2 10031.0 Q3 10278.3 Q4 10357.4 FY 10148.2
FY2001 Q1 10472.3 Q2 10508.1 Q3 10638.4 Q4 10639.5 FY 10564.6
FY2002 Q1 10701.3 Q2 10834.4 Q3 10924.8 Q4 11037.1 FY 10876.9
FY2003 Q1 11103.8 Q2 11230.1 Q3 11370.7 Q4 11625.1 FY 11332.4
FY2004 Q1 11816.7 Q2 11988.4 Q3 12181.4 Q4 12367.7 FY 12088.6
FY2005 Q1 12562.2 Q2 12813.7 Q3 12974.1 Q4 13205.4 FY 12888.9
FY2006 Q1 13381.6 Q2 13648.9 Q3 13799.8 Q4 13908.5 FY 13684.7
FY2007 Q1 14066.4 Q2 14233.2 Q3 14422.3 Q4 14569.7 FY 14322.9
FY2008 Q1 14685.3 Q2 14668.4 Q3 14813.0 Q4 14843.0 FY 14752.4
FY2009 Q1 14549.9 Q2 14383.9 Q3 14340.4 Q4 14384.1 FY 14414.6
FY2010 Q1 14566.5 Q2 14681.1 Q3 14888.6 Q4 15057.7 FY 14798.5
FY2011 Q1 15230.2 Q2 15238.4 Q3 15460.9 Q4 15587.1 FY 15379.1
FY2012 Q1 15785.3 Q2 15973.9 Q3 16121.9 Q4 16227.9 FY 16027.2
FY2013 Q1 16297.7 Q2 16475.4 Q3 16541.4 Q4 16749.3 FY 16515.9
FY2014 Q1 16999.9 Q2 17031.3 Q3 17320.9 Q4 17622.3 FY 17243.6
FY2015 Q1 17735.9 Q2 17874.7 Q3 18093.2 Q4 18227.7 FY 17982.9
FY2016 Q1 18287.2 Q2 18325.2 Q3 18538.0 Q4 18729.1 FY 18469.9
FY2017 Q1 18905.5 Q2 19057.7 Q3 19250.0 Q4 19500.6 FY 19178.4
FY2018 Q1 19754.1 Q2 est3 19960.1 trending FY 20101 - 4.9%
FY2018 Q1 19754.1 Q2(19963.3)Q3(20324.8) (advanced est)
Calendar Year 2017 GDP was 19,391 according to CBO. $19,390.6 from above.
With new data from 27 July 2018:
Yr FY Qrtr1 FY Qrtr2 FY Qrtr3 FY Qrtr4 FiscalYr CalndrYr Paced FY
00 09890.4 10002.9 10247.7 10319.8 10107.4 10252.3
01 10439.0 10472.9 10597.8 10596.3 10526.5 10581.8 10659.7 --133
02 10660.3 10789.0 10893.2 10992.1 10833.6 10936.4 11212.0 --38
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CBO released the Monthly Update last Friday, 5 October, but I was too busy to notice.
Updating with new data:
https://www.cbo.gov/publication/54442
This looks like an interesting resource linky:
https://www.cbo.gov/about/products/major-recurring-reports#9
https://WWW.CBO.Gov/about/press-center
Apr 2018 CBO estimate:
https://www.cbo.gov/publication/53821#section2
These data sources actually seem to correlate to the figures in the Budget Statements.
I'll try to post some data to breakdown how the projections progress.
The 1st column is Category and Fiscal Year. Categories are Revenue, Outlays, Surplus/Deficit (estimate) and Surplus/Deficit (Actual, or corrected). Projected is the figure that CBO projected for the FY, most recent at the time of the report. Proportional Percent is the cumulative Deficit compared to the actual FY Total. For the newest year, % Projection is based upon the historical proportion for that month of the cycle.
Each FY has 2 groups. First group is the individual month data. Second group is the cumulative Deficit for that FY so far.
Figures in Billions.
CatFY Oct Nove Dece Janu Febru Marc April MMay June July Augu Sept
Rev16 211 $205 $350 $314 $169 $228 $438 $225 $330 $210 $231 $358
Out16 347 $270 $364 $258 $362 $336 $332 $277 $323 $323 $338 $323
S/D16 -136 -$65 --$14 +$55 --193 --108 +106 --$53 +$06 --113 --107 +$35
Rev16 211 $416 $766 1079 1248 1476 1915 2139 2469 2679 2910 3268
Out16 347 $617 $981 1240 1601 1936 2268 2545 2868 3191 3529 3852
S/D16 -136 -201 --216 --160 --353 --459 --353 --405 --399 --512 --619 --585
Projtd -414 -414 --414 --544 --544 --534 --534 --534 --534 --534 --590 --590
Port% 23.2 34.4 36.9% 27.4 60.3% 78.5 60.3 69.2% 68.2 87.5 106% 100%
Rev17 222 $200 $319 $344 $172 $217 $456 $240 $339 $231 $226 $348
Out17 267 $337 $347 $293 $364 $393 $273 $327 $426 $276 $336 $342
S/D17 --46 --137 --$27 +$51 --192 --176 +182 --$87 --$87 --$45 --109 +$06
Rev17 222 $422 $741 1085 1257 1473 1929 2168 2509 2738 2966 3314
Out17 267 $604 $951 1243 1607 2000 2273 2600 3028 3307 3642 3982
S/D17 --46 --183 --210 --159 --351 --527 --344 --432 --520 --568 --675 --668
Projtd -594 -594 --594 --559 --559 --559 --559 --559 --693 --693 --693 --693
Port% 06.9 27.5 31.6% 23.9 52.8% 79.2 51.7 65.0% 78.2 85.4 101% 100%
Rev18 235 $210 $326 $362 $157 $213 $515 $217 $314 $225 $219 $343
Out18 299 $344 $352 $311 $373 $420 $297 $361 $389 $301 $430 $227
SDEst --62 --134 --$26 +$51 --216 --207 +218 --144 --$75 --$75 --211 +116
Act18 --63 --139 --$23 +$49 --215 --209 +214 --146 --$74 --$77 --214
Rev18 235 $445 $770 1131 1287 1499 2012 2224 2539 2766 2985 3328
Out18 299 $643 $998 1306 1679 2097 2394 2754 3146 3448 3880 4110
SDEst --62 --198 --228 --174 --392 --598 --382 --530 --607 --682 --894 --782
Act18 --63 --202 --225 --176 --391 --600 --386 --532 --606 --683 --897
Projtd -873 -873 --873 --873 --873 --873 --804 --792 --793 --793 --793 --793
%Prjt7 -911 -734 --713 --736 --741 --757 --747 --815 --776 --799
%Prjt6 -271 -588 --609 --644 --648 --765 --640 --766 --890 --779
Display stabilization row:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Items of note:
Despite the endless whining of "Tax Cuts" from CBO, they admit they exaggerated the deficit, and more revenue was generated Every Single Month this FY.
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I really should have posted this at the top of the page, for reference. This includes Budget Deficits as well as GDP forecasting.
This was posted 24 May, but now I'll add the new GDP data:
Quote:
Originally posted by JEWELSTAITEFAN:
Today CBO released its Analysis of Trump's FY2019 Federal Budget.
To reconcile it's prior projections with Reality it had to begrudgingly increase the Revenues, decrease the Outlays, Deficit, and Debt, and increase the GDP - at least for FY2018. And these revisions are compared to the delusions they persisted with as of LAST MONTH, or 7 weeks ago.
https://www.cbo.gov/publication/53884
The CBO report is from April 2018, which was delayed from January due to the legislation passed in November 2017, February, March 2018. It only includes non-legislative factors up to mid-February. It is https://www.cbo.gov/publication/53651
For comparison, I'll post on the same Table as Trump's projections.
The left has President's Federal Budget, FY2019, and then the CBO estimates from April 2018, and then the CBO Analysis from May 2018:
Year Rvnu Outl Defct NtGDP || CBRv CBOt CBD CBGDP || CBR CBOt CDOD CBGDP
2028 5818 6181 363 32602 || 5520 7046 1526 29803 || 5264 6351 1087 29803
2027 5506 5955 450 31089 || 5299 6615 1316 28677 || 5063 6029 $965 28677
2026 5231 5748 517 29647 || 5002 6322 1320 27608 || 4886 5778 $893 27608
2025 4946 5526 579 28253 || 4663 6015 1352 26595 || 4659 5553 $895 26595
2024 4675 5348 672 26900 || 4444 5688 1244 25583 || 4446 5305 $859 25583
2023 4386 5160 774 25605 || 4228 5500 1273 24621 || 4232 5202 $971 24621
2022 4089 4941 852 24369 || 4012 5288 1276 23716 || 4016 5055 1039 23716
2021 3838 4754 916 23194 || 3827 4949 1123 22872 || 3830 4775 $945 22872
2020 3609 4596 987 22067 || 3678 4685 1008 22034 || 3682 4548 $866 22034
2019 3422 4407 984 21003 || 3490 4470 $981 21136 || 3493 4448 $955 21136
2018 3340 4214 873 20029 || 3338 4142 $804 20103 || 3339 4131 $792 20103
2017 3316 3982 665 19177 || 3316 3982 $665 19178 || 3316 3982 $665 19178
Quote:
In the left section, Trump's Budget, compared to Obama projections:
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.
Trump's Budget accumulates $8.632 Trillion in Deficits by 2028.
Indicating the Federal Debt would add about $13 Trillion in that period.
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).
In the middle section, the CBO projections:
The Liberal biased practices of the CBO bloat the Expenditures, and undervalue the Revenues and long-term GDP, thus exaggerate the Deficits. The GDP in the short term is more because even the Liberal bias was unable to deny the reality of Trump's Fiscal Policies and subsequent GDP growth.
The CBO projections bloat the accumulative Deficits to $13.888 Trillion by 2028.
Indicating the Federal Debt would add about $20 Trillion in that period - practically doubling from it's current level. Which would exaggerate by $7 Trillion what Trump's Budget projected, or about 150%
The section to the right is the CBO Analysis of Trump's Budget.
The CBO Analysis projects $11.033 Trillion accumulated Deficits by 2028.
Indicating the Federal Debt would add about $16 Trillion in that period. Which trims off about $4 Trillion of their own exaggeration from only 7 weeks before - more than half of their bloated figures.
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 2NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
This is from 1 July, and I should post it at top of the page for reference, because it includes Actual Federal Deficit plus Debt.
The U.S. DEBT Clock shows current Federal Debt as $21.182 Trillion.
And $778.8 Billion Federal Budget Deficit.
The end of June marks completion of 3 Quarters of the Fiscal Year.
In the coming month will be the reports of GDP at this point in time.
Certain to show more than $20 Trillion for the first time ever.
U.S. DEBT Clock .com shows it as $20.138T.
That seems a very low projection.
Quote:
Originally posted by JEWELSTAITEFAN:
In another thread, some moron is yakking about how Debt Growth under Obamanomics is so much bestest and gooder than anybody else. So I'll try to post some facts here, changing data columns from a prior post.
I keep Forgetting how convoluted, twisted, and fabricated the figures are regarding the Federal Debt.
So I will lay out some more data, for reference.
This helps show that, although the Rock-The-Vote Democraps doubled the Deficit in FY2008, Obama still only inherited a Debt about 2/3 of the GDP, and then was able to, in a few short years, push the Federal Debt over the GDP by 2012, and grew the excess to more than $1 Trillion over the GDP.
Once upon a time, reasonable people explained that a Debt larger than GDP was not a sustainable situation, and then Obamanomics took us there. And then after FY2012 ended, he was reelected to make the Economy even worse. While simultaneously bloating the Debt even further.
Obviously, CBO uses Libtard projection practices, so score any reasonable Budget with less Revenue, more Outlays, more Deficit, and lower GDP.
CBO scores delusional Libtard Budgets with exaggerated Revenue and GDP, and overly optimisticly low Outlays and Deficit.
Federal Debt data is from U.S. Treasury. Using Gross Federal Debt.
For the section to the right, the columns are FY Increase to the Federal Debt (aka THE REAL FEDERAL DEFICIT), FY Gross Federal Debt, Debt Growth.
For reference, here is the CBO Historical Budget data:
FscYr Revenues Outlays FedDeficit || DebtInc Fedrl Debt Debt Growth
2017 $3316.2B $3981.6B $665.4B || $666.2B $20,205.7 3.4%
2016 $3268.0B $3852.6B $584.7B || 1419.4B $19,539.5 7.8%
2015 $3249.9B $3688.4B $438.5B || $325.6B $18,120.1 1.8%
2014 $3021.5B $3506.1B $484.6B || 1075.1B $17,794.5 6.4%
2013 $2775.1B $3454.6B $679.5B || $668.5B $16,719.4 4.2%
2012 $2450.0B $3536.9B 1087.0B || 1286.7B $16,050.9 8.7%
2011 $2303.5B $3603.1B 1299.6B || 1235.4B $14,764.2 9.1%
2010 $2162.7B $3457.1B 1294.4B || 1652.9B $13,528.8 13.9%
2009 $2105.0B $3517.7B 1412.7B || 1889.8B $11,875.9 18.9%
2008 $2524.0B $2982.5B $458.6B || 1035.4B $09,986.1 11.6%
2007 $2568.0B $2728.7B $160.7B || $499.3B $08,950.7 5.6%
2006 $2406.9B $2655.1B $248.2B || $546.1B $08,451.4
2005 $2153.6B $2472.0B $318.3B || $550.6B $07,905.3
2004 $1880.1B $2292.8B $412.7B || $594.7B $07,354.7
2003 $1782.3B $2159.9B $377.6B || $561.6B $06,760.0
2002 $1853.6B $2010.9B $157.8B || $428.5B $06,198.4
2001 $1991.1B $1862.8B +128.2B || $141.2B $05,769.9 2.5%
2000 $2025.2B $1789.0B +236.2B || $023.2B $05,628.7
1999 $1827.5B $1701.8B +125.6B || $127.3B $05,605.5
1998 $1721.7B $1652.5B +069.3B || $109.0B $05,478.2
1997 $1579.2B $1601.1B $021.9B || $187.7B $05,369.2
1996 $1453.1B $1560.5B $107.4B || $260.9B $05,181.5
1995 $1351.8B $1515.7B $164.0B || $277.3B $04,920.6
Quote:
It looks fairly clear that the Spending Spree was kicked off with the Rock-The-Vote Democrap FY2008 Budget. And then it was a runaway with Obama.
Display stabilization row:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Extrapolation would suggest Deficit around $1 Trillion for the Fiscal Year.
The indication is $977 Billion in Debt Growth in this FY.
Which would suggest Debt Growth around $1.22 Trillion for this FY.
That site also says Federal Revenue is $3.375 Trillion and spending is $4.154 Trillion, so I'm not sure where they're getting those numbers.
The FY figures fro
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This is a repost from 18 May, with Budget Deficit, Actual Deficit, Federal Debt, and GDP. The Excess column is the amount the Debt exceeds the GDP.
I keep Forgetting how convoluted, twisted, and fabricated the figures are regarding the Federal Debt. The Gross Federal Debt, the Public Federal Debt, and the annual Deficits of the Federal Budgets do not add up, even when all are on the Fiscal Year cycle. OMB, CBO, Treasury, BEA, use different data, often not meshing.
So I will lay out some more data, for reference.
This helps show that, although the Rock-The-Vote Democraps doubled the Deficit in FY2008, Obama still only inherited a Debt about 2/3 of the GDP, and then was able to, in a few short years, push the Federal Debt over the GDP by 2012, and grew the excess to more than $1 Trillion over the GDP.
Once upon a time, reasonable people explained that a Debt larger than GDP was not a sustainable situation, and then Obamanomics took us there. And then after FY2012 ended, he was reelected to make the Economy even worse. While simultaneously bloating the Debt even further.
Obviously, CBO uses Libtard projection practices, so score any reasonable Budget with less Revenue, more Outlays, more Deficit, and lower GDP.
CBO scores delusional Libtard Budgets with exaggerated Revenue and GDP, and overly optimisticly low Outlays and Deficit.
Federal Debt data is from U.S. Treasury. Using Gross Federal Debt.
For the section to the right, the columns are FY Increase to the Federal Debt (aka THE REAL FEDERAL DEFICIT), FY Gross Federal Debt, FY National GDP, the amount the Debt Exceeds the GDP.
For reference, here is the CBO Historical Budget data:
FscYr Revenues Outlays FedDeficit || DebtInc Fedrl Debt FY NatGDP Excess
(EST) $ 3,328 B $ 4,110 B $ 782 B || $~ 782 B $~ 20,988 $~20,050 B $~938 B
2017 $3316.2B $3981.6B $665.4B || $666.2B $20,205.7 $19,177.2B 1028.5B
2016 $3268.0B $3852.6B $584.7B || 1419.4B $19,539.5 $18,469.9B 1069.6B
2015 $3249.9B $3688.4B $438.5B || $325.6B $18,120.1 $17,982.9B $137.2B
2014 $3021.5B $3506.1B $484.6B || 1075.1B $17,794.5 $17,243.6B $550.9B
2013 $2775.1B $3454.6B $679.5B || $668.5B $16,719.4 $16,515.9B $203.5B
2012 $2450.0B $3536.9B 1087.0B || 1286.7B $16,050.9 $16,027.2B $023.7B
2011 $2303.5B $3603.1B 1299.6B || 1235.4B $14,764.2 $15,379.2B
2010 $2162.7B $3457.1B 1294.4B || 1652.9B $13,528.8 $14,798.5B
2009 $2105.0B $3517.7B 1412.7B || 1889.8B $11,875.9 $14,414.6B
2008 $2524.0B $2982.5B $458.6B || 1035.4B $09,986.1 $14,752.4B
2007 $2568.0B $2728.7B $160.7B || $499.3B $08,950.7 $14,322.9B
2006 $2406.9B $2655.1B $248.2B || $546.1B $08,451.4 $13,684.7B
2005 $2153.6B $2472.0B $318.3B || $550.6B $07,905.3 $12,888.9B
2004 $1880.1B $2292.8B $412.7B || $594.7B $07,354.7 $12,088.6B
2003 $1782.3B $2159.9B $377.6B || $561.6B $06,760.0 $11,332.4B
2002 $1853.6B $2010.9B $157.8B || $428.5B $06,198.4 $10,876.9B
2001 $1991.1B $1862.8B +128.2B || $141.2B $05,769.9 $10,564.6B
2000 $2025.2B $1789.0B +236.2B || $023.2B $05,628.7 $10,148.2B
1999 $1827.5B $1701.8B +125.6B || $127.3B $05,605.5 $09,510.5B
1998 $1721.7B $1652.5B +069.3B || $109.0B $05,478.2 $08,954.8B
1997 $1579.2B $1601.1B $021.9B || $187.7B $05,369.2 $08,483.2B
1996 $1453.1B $1560.5B $107.4B || $260.9B $05,181.5 $07,978.3B
1995 $1351.8B $1515.7B $164.0B || $277.3B $04,920.6 $07,583.4B
Display stabilization row:
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Once I add in FY2018 figures, we should see that with Deficit growth slowing, GDP growth exploding, the Excess will be well under $1 Trillion for the first time since Obama raced to get there.
Compared to the Brink of Economic Nightmare Horror that Obama brought us to, this now shows promise, hope, a light at the end of the tunnel, and a reversal of the path we were on.
Obama's trajectory has been Trumped.
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