Federal Budget Thread

[The Duke]

Simple Department total will more than suffice.

[The Duke]

Yes, the 80 Billion supplemental was FY 2005.

That should not be added to the budget, since it happenned in real life as well.  Its already included.

[The Duke]

Q1 growth comes in at 1.7%.

This projects to a GDP of $11.178 trillion dollars by year's end.

Federal taxes have averaged 18% of GDP since 1950.

OMB estimate for 2005 Revenue is $2.012 trillion.

[The Duke]

How is the budget $2.9 trillion?  It should be closer to $2.6 trillion.

[The Duke]

King's math has to be wrong, we're basing this off the national budget but his section of what should eb the national budget is off by about $350 billion.

[The Duke]

Number for cabinet departments IRL.

HHS- 571 b
Defense- 402 b
Treasury- 396 b
Agriculture- 83 b
Education- 66 b
Vets Affairs- 65 b
Transportation- 58 b
Labor- 57 b
HUD- 34 b
Homeland Sec- 31 b
Energy- 22 b
Justice- 22 b
Interior- 11 b
State- 10 b
Commerce- 6 b

It should be noted that miscellaneous agencies are not listed.  I presume USAID is not included in State budget.

All data used here came from:

http://www.whitehouse.gov/omb/budget/fy2005/fpaa.html

Data for major miscellaneous agencies, including Social Security, can also be found here.

Hope this helps.

[The Duke]

I got all my numbers off this page:

http://www.whitehouse.gov/omb/budget/fy2005/budget.html


Don't understand why they are different...

Did you use the 2005 numbers or the 2009 numbers?

[The Duke]

According to my reading of this, the Federal Budget should be roughly about 2.4 Trillion, though that doesn't sound exactly right to me also.

That should be very close to the right number.

[The Duke]

How is our deficit smaller than the Federal deficit when we've spent more money than they have?

[The Duke]

My ruling is to use the wisdom of King Solomon: Split the difference.  Cut the offsetting reciepts in half to determine which Senator loves them most figure the final deficit.

[The Duke]

I need this bumped for my own purposes.  Another month's GDP figures are coming in soon, and I need to revise the inlay figures for the new Senate.

[The Duke]

PROPOSED BUDGET- $2,492.643 Billion Dollars
PROJECTED REVENUES- $1,978.000 Billion Dollars
PROJECTED BUDGET DEFICIT-$514.643 Billion Dollars

This is deficit is $10 billion larger than when the original budget was passed.