7d+Budgets - The Budget 500 1,000 1,500 2,000 2,500 3,000...

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Unformatted text preview: The Budget 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 1 9 1 1 9 6 1 9 1 1 1 9 1 6 1 9 2 1 1 9 2 6 1 9 3 1 1 9 3 6 1 9 4 1 1 9 4 6 1 9 5 1 1 9 5 6 1 9 6 1 1 9 6 6 1 9 7 1 1 9 7 6 1 9 8 1 1 9 8 6 1 9 9 1 1 9 9 6 2 1 2 6 2 1 1 US Federal Budget, Annual Outlays ($ Billions) 5 10 15 20 25 30 35 40 45 50 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 US Federal Budget, Annual Outlays (as % GDP) Source: http://www.gpoaccess.gov/usbudget/fy11/hist.html *2010-2015 data are estimates WAR Source: http://www.cdc.gov/nchs/data/statab/natfinal2003.annvol1_01.pdf Foreshadowing: U.S. Birthrate 1909-2003 Baby Boom = 1946-1964 5 10 15 20 25 30 35 40 45 50 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 US Federal Budget, Annual Outlays (as % GDP) Source: http://www.gpoaccess.gov/usbudget/fy11/hist.html *2010-2015 data are estimates Relatively Flat US Federal Budget, Annual Outlays (as % GDP) Source: http://www.gpoaccess.gov/usbudget/fy11/hist.html *2010-2015 data are estimates 15.0 17.5 20.0 22.5 25.0 27.5 30.0 1 9 7 5 1 9 7 7 1 9 7 9 1 9 8 1 1 9 8 3 1 9 8 5 1 9 8 7 1 9 8 9 1 9 9 1 1 9 9 3 1 9 9 5 1 9 9 7 1 9 9 9 2 1 2 3 2 5 2 7 2 9 2 1 1 2 1 3 2 1 5 Average = 21.3% Ave National Budget (Revenues) as % of GDP 48.7 42.8 42.0 40.3 39.5 38.9 38.1 38.0 37.9 37.1 36.4 36.1 36.1 29.9 29.6 28.9 25.3 25.0 20.8 20.5 19.8 19.2 12.5 18.0 10 20 30 40 50 60 Norw ay France Belgium Netherlands, The Finland Israel Greece Austria Italy Denm ark UK N. Zlnd Portugal Russia Germ any Spain Australia Singapore Sw itzerland Canada Korea, Rep. of Brazil United States India United States Source: World Bank Development Indicators 0.0 5.0 10.0 15.0 20.0 25.0 30.0 1 9 7 5 1 9 7 7 1 9 7 9 1 9 8 1 1 9 8 3 1 9 8 5 1 9 8 7 1 9 8 9 1 9 9 1 1 9 9 3 1 9 9 5 1 9 9 7 1 9 9 9 2 1 2 3 2 5 2 7 2 9 2 1 1 2 1 3 2 1 5 Outlays Receipts Taxes coming in Spending going out US Federal Budget (as % GDP) 21.3% 18.0% Source: http://www.gpoaccess.gov/usbudget/fy11/hist.html *2010-2015 data are estimates US Gross National Debt (as % of GDP) 20 40 60 80 100 120 1 9 7 5 1 9 7 7 1 9 7 9 1 9 8 1 1 9 8 3 1 9 8 5 1 9 8 7 1 9 8 9 1 9 9 1 1 9 9 3 1 9 9 5 1 9 9 7 1 9 9 9 2 1 2 3 2 5 2 7 2 9 2 1 1 2 1 3 2 1 5 Source: http://www.gpoaccess.gov/usbudget/fy11/hist.html *2010-2015 data are estimates 115% 104% 98% 83% 67% 64% 57% 53% 45% 44% 41% 40% 34% 30% 28% 18% 6% 1% 0% 53% 0% 20% 40% 60% 80% 100% 120% 140% Japan Italy Greece Belgium United States Portugal France UK Germany Iceland Spain Austria Ireland Netherlands Canada Poland Slovak Switz Denmark Australia National Debt, 2009 (as % of GDP) United States US Federal Budget Surplus/Deficit, Annual ($ Billions)...
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7d+Budgets - The Budget 500 1,000 1,500 2,000 2,500 3,000...

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