Trump's Budget
POSTED BY: JEWELSTAITEFAN
UPDATED: Monday, July 13, 2026 16:10
VIEWED: 32160
PAGE 13 of 32
I missed the 10 December report, which again tried to hide the numbers, since highly partisan Deep State CBO was too incompetent to report clearly.
CBO released the Monthly Update then.
Updating with new data:
https://www.cbo.gov/publication/54861
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 +118
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 --779
Projtd -873 -873 --873 --873 --873 --873 --804 --792 --793 --793 --793 --793
%Prjt7 -911 -734 --713 --736 --741 --757 --747 --815 --776 --799 --885 --782
%Prjt6 -271 -588 --609 --644 --648 --765 --640 --766 --890 --779 --845 --782
Port% 08.1 25.9 28.9% 22.6 50.2% 77.0 49.6 74.7% 77.8 87.7 115% 100%
Rev19 253 205
Out19 353 408
SDEst --98 --203
Act19 -100
Rev19 253 458
Out19 353 761
SDEst --98 --303
Act19 -100
Projtd -985 -985 --985 --985 --985
%Pjt8 1212 1170 (-996)
%Pjt7 1423 1102 (-938)
%Pjt6 -422 -881
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 FY2018.
Hmmmm.
Revenue gain from October 2015 -> 2016: $11 Billion.
Revenue gain from October 2016 -> 2017: $13 Billion.
Revenue gain from October 2017 -> 2018: $18 Billion.
And Outlays (spending) is almos
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Friday's report revised the FY2018Q4 GDP gain from 248.4 to 246.3, for a FY (4 Quarter) gain of $20,210 Billion.
And also with today's new data:
Here I'll include a column showing how far behind the pace the Obamanomics years were.
Quote:
Originally posted by JEWELSTAITEFAN:
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?
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.
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
03 11071.5 11183.5 11312.9 11567.3 11283.8 11458.2 11764.3 --460
04 11769.3 11920.2 12109.0 12303.3 12025.4 12213.7 12316.5 --291
05 12522.4 12761.3 12910.0 13142.9 12834.1 13036.6 12868.8 --55
06 13332.3 13603.9 13749.8 13867.5 13638.4 13814.6 13421.1 +217
07 14037.2 14208.6 14382.4 14535.0 14290.8 14451.9 13973.3 +317
08 14681.5 14651.0 14805.6 14835.2 14743.3 14712.8 14525.6 +218
09 14559.5 14394.5 14352.9 14420.3 14431.9 14448.9 15077.9 --646
10 14628.0 14721.4 14926.1 15079.9 14838.8 14992.3 15630.2 --791
11 15240.8 15285.8 15496.2 15591.9 15403.7 15542.6 16182.5 --779
12 15796.5 16019.8 16152.3 16257.2 16056.4 16197.0 16735.8 --679
13 16358.9 16569.6 16637.9 16848.7 16944.3 16784.9 17288.1 --344
14 17083.1 17102.9 17425.8 17719.8 17392.7 17521.7 17840.3 --448
15 17838.5 17970.4 18221.3 18331.1 18090.3 18219.3 18392.6 --302
16 18354.4 18409.1 18640.7 18799.6 18551.0 18707.2 18944.8 --394
17 18979.2 19162.6 19359.1 19588.1 19272.3 19485.4 19497.1 --225
18 19831.8 20041.0 20411.9 20658.2 20210.7 .8 888.8 20049.4 +161
Quote:
This data meshes well. Taking the average of the 4 FY Quarters produces the FY figure listed by Treasury, except for FY 2017. This is because each quarter has the data multiplied by 4, to present as a full year's rate.
Something to note: Obama constantly projected that he would generate repeated increases to GDP of over $1 Trillion from one year to the next. Yet Obamanomics never allowed growth like that to occur. Not one single year did the GDP grow by $1 Trillion. Not during Obamanomics, nor ever before. But Trump is on pace to accomplish this feat, in only his very first full year - even though Obama's overly optimistic predictions did not identify it would be possible this soon.
Peak Quarters of growth: (including all-time Top 10 prior to Trump)
370.9 FY2018 Q3 (new data)
322.9 FY2014 Q3
294.0 FY2014 Q4
271.6 FY2006 Q2
254.4 FY2003 Q4
250.9 FY2015 Q3
246.3 FY2018 Q4 (est)
244.8 FY2000 Q3
243.7 FY2018 Q1
238.9 FY2005 Q2
234.4 FY2014 Q1
232.9 FY2005 Q4
231.6 FY2016 Q3
229.0 FY2017 Q4
Clearly, 2nd Quarters are a tough nut to crack. So here are top Q2s:
Using revised data of July 2018:
271.6 FY2006 Q2
238.9 FY2005 Q2
223.3 FY2012 Q2
210.7 FY2013 Q2
209.2 FY2018 Q2
183.4 FY2017 Q2
171.4 FY2007 Q2
150.9 FY2004 Q2
Trump is color coded Orange. Bush is color coded Green.
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I have intended to list a column of Projected Federal Debt, and here I will try to do that.
I'll start with figures from CBO Outlook from April 2018, pg 87.
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 CBDb || CBR CBOt CDOD CBGDP
2028 5818 6181 363 32602 || 5520 7046 1526 29803 33851 || 5264 6351 1087 29803
2027 5506 5955 450 31089 || 5299 6615 1316 28677 32542 || 5063 6029 $965 28677
2026 5231 5748 517 29647 || 5002 6322 1320 27608 31367 || 4886 5778 $893 27608
2025 4946 5526 579 28253 || 4663 6015 1352 26595 30042 || 4659 5553 $895 26595
2024 4675 5348 672 26900 || 4444 5688 1244 25583 28730 || 4446 5305 $859 25583
2023 4386 5160 774 25605 || 4228 5500 1273 24621 27468 || 4232 5202 $971 24621
2022 4089 4941 852 24369 || 4012 5288 1276 23716 26179 || 4016 5055 1039 23716
2021 3838 4754 916 23194 || 3827 4949 1123 22872 24877 || 3830 4775 $945 22872
2020 3609 4596 987 22067 || 3678 4685 1008 22034 23675 || 3682 4548 $866 22034
2019 3422 4407 984 21003 || 3490 4470 $981 21136 22546 || 3493 4448 $955 21136
2018 3340 4214 873 20029 || 3338 4142 $804 20103 21375 || 3339 4131 $792 20103
2017 3316 3982 665 19177 || 3316 3982 $665 19178 20206 || 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 exaggeraNOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
For transparency I will do the next step here.
I have intended to list a column of Projected Federal Debt, and here I will try to do that.
To fit the columns in the first table of data, I will delete the middle section CBO GDP, which was not different from the right section. I will also delete Revenue and Outlays from the middle section.
CBO did not update the Debt Projections the next month when they corrected their massive miscalculations of April. So I will compute the new Debt Projections from the revised Deficit figures. This will be as of May 2018.
I have also included the reduced interest on the Debt.
The final column is the amount of the CBO Debt Projection greater than the CBO GDP Projection. The Trump Budget GDP Projections are not only underestimated compared to CBO (getting Debt below GDP within 8 years), but both are underestimating the actual GDP performance.
The last 2 Tables are not updated for Dec 2018.
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 || CBDf CBDbt || CBR CBOt CDOD CBGDP DbtPrj
2028 5818 6181 363 32602 || 1526 33851 || 5264 6351 1087 29803 30695 0892
2027 5506 5955 450 31089 || 1316 32542 || 5063 6029 $965 28677 29915 1238
2026 5231 5748 517 29647 || 1320 31367 || 4886 5778 $893 27608 29168 1560
2025 4946 5526 579 28253 || 1352 30042 || 4659 5553 $895 26595 28340 1745
2024 4675 5348 672 26900 || 1244 28730 || 4446 5305 $859 25583 27435 1852
2023 4386 5160 774 25605 || 1273 27468 || 4232 5202 $971 24621 26498 1877
2022 4089 4941 852 24369 || 1276 26179 || 4016 5055 1039 23716 25541 1825
2021 3838 4754 916 23194 || 1123 24877 || 3830 4775 $945 22872 24486 1614
2020 3609 4596 987 22067 || 1008 23675 || 3682 4548 $866 22034 23491 1457
2019 3422 4407 984 21003 || $981 22546 || 3493 4448 $955 21136 22508 1372
2018 3340 4214 873 20029 || $804 21375 || 3339 4131 $792 20103 21363 1260
2017 3316 3982 665 19177 || $665 20206 || 3316 3982 $665 19178 20206 1028
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 GDNOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
The new Monthly Update was released a few minutes ago. The news is so positive that the MSM is probably going to bury it.
Here I've updated the info.
CBO still has this new format to their report, which again tried to hide the numbers, since highly partisan Deep State CBO was too incompetent to report clearly.
CBO released the Monthly Update then.
Updating with new data:
https://www.cbo.gov/publication/54905
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 +118
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 --779
Projtd -873 -873 --873 --873 --873 --873 --804 --792 --793 --793 --793 --793
%Prjt7 -911 -734 --713 --736 --741 --757 --747 --815 --776 --799 --885 --782
%Prjt6 -271 -588 --609 --644 --648 --765 --640 --766 --890 --779 --845 --782
Port% 08.1 25.9 28.9% 22.6 50.2% 77.0 49.6 74.7% 77.8 87.7 115% 100%
Rev19 253 $205 $312
Out19 353 $408 $324
SDEst --98 --203 --012
Act19 -100 -205
Rev19 253 $458 $771
Out19 353 $761 1088
SDEst --98 --303 --317
Act19 -100 -305
Projtd -985 -985 --985 --985 --985 --985 --985
%Pjt8 1212 1170 1097 (-945)
%Pjt7 1423 1102 1003 (-864)
%Pjt6 -422 --881 --859
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 Eve
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The GDP Update from BEA was scheduled to be released yesterday, but has been delayed due to Pelosi's Government Shutdown.
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Quote:Today the site posted that it will just be combined with the 2nd one, release date 28 Feb.
Originally posted by JEWELSTAITEFAN:
The GDP Update from BEA was scheduled to be released yesterday, but has been delayed due to Pelosi's Government Shutdown.
Also, the Monthly Treasury Statement for December is delayed until 13 February.
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In May 2018 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 the PRIOR MONTH, or 7 weeks before.
https://www.cbo.gov/publication/53884
The new CBO report is from January 2019. It is https://www.cbo.gov/publication/54918
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 Analysis from May 2018, and then Budget and Economic Outlook and Updates from January 2019:
Year Rvnu Outl Defct NtGDP || CBR CBOt CBOD CBDb CBGDP || CBR CBOt CBODb CBGDP
2028 5818 6181 363 32602 || 5264 6351 1087 33851 29803 || 5446 6881 32581 29862
2027 5506 5955 450 31089 || 5063 6029 $965 32542 28677 || 5254 6446 31353 28738
2026 5231 5748 517 29647 || 4886 5778 $893 31367 27608 || 4956 6160 30331 27667
2025 4946 5526 579 28253 || 4659 5553 $895 30042 26595 || 4647 5859 29175 26656
2024 4675 5348 672 26900 || 4446 5305 $859 28730 25583 || 4448 5539 28020 25642
2023 4386 5160 774 25605 || 4232 5202 $971 27468 24621 || 4208 5347 26922 24672
2022 4089 4941 852 24369 || 4016 5055 1039 26179 23716 || 4012 5140 25759 23778
2021 3838 4754 916 23194 || 3830 4775 $945 24877 22872 || 3841 4814 24598 22939
2020 3609 4596 987 22067 || 3682 4548 $866 23675 22034 || 3686 4589 23522 22120
2019 3422 4407 984 21003 || 3493 4448 $955 22546 21136 || 3515 4412 22465 21252
2018 3340 4214 873 20029 || 3339 4131 $792 21375 20103 || 3329 4108 21461 20236
2017 3316 3982 665 19177 || 3316 3982 $665 20206 19178
2029: 5672 7042 33681 31006
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 Analysis from May 2018:
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. The CBO Analysis projects $11.033 Trillion accumulated Deficits by 2028.
Indicating the Federal Debt would add about $16 Trillion in that period.
Which would exaggerate by $3 Trillion what Trump's Budget projected.
The section to the right is the CBO Analysis of Trump's Budget, from January 2019.
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 20,103. An increase of $74 Billion for 2018.
Well, that link at the top of this post does not correlate to the data from any of the past 2 dozen Budget statements.
But it does provide link to source data at BEA.
Display stabilization row:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
As can be seen, actual figures have GDP far outpacing the forecasts, as well as Outlays are less than any projections, Deficit for 2018 below any of these projectio
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And the CBO Update for February is also cancelled due to the Pelosi Shutdown.
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Bump for Sigs, who thinks that 8 years of Clinton increasing the Gross Federal Debt EVERY SINGLE YEAR should be defined as "Reducing Federal Debt." Bloated it by more than a Trillion Dollars.
Quote:
Originally posted by JEWELSTAITEFAN:
Updated with today's FY GDP figure:Quote:
Originally posted by JEWELSTAITEFAN:
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 $20,210.9B $~777 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
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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 thNOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME