Thread: Federal Government: Current Expenditures and Receipts 1947-2012

I found a graph the other day where someone had merged FRB data from gov spending and receipts taken in from '47-2012. I usually check these things myself before accepting them as fact.


Federal Government Current Receipts (FGRECPT)
Graph: Federal Government Current Receipts (FGRECPT) - FRED - St. Louis Fed


Federal Government Current Expenditures (FGEXPND)
Graph: Federal Government: Current Expenditures (FGEXPND) - FRED - St. Louis Fed

that's what happens during every recession, tax receipts decrease from workers losing jobs, etc. and large firms have plenty of ways to shift monies around to reduce their tax liabilities.

US large firms saw an increase in profits of 10% during the recession recovery, they laid off 5M us workers and reduced capital spending.

the closest data points to when Obama took office are:

3537.9 2009-10-1 (expenditure)
2268.5 2009-10-1 (receipts)

(- 1269.4) - was the annual budget deficit Bush left Obama before he even set foot into the white house

over 4 years = 5.076T this is the "spending" that the right keeps babbling about, Obama inherited it from Bush.