Receipts Outlays Surplus/(deficit)
2000 .................................................................................. 2,025.2 1,789.0 236.2
2001 .................................................................................. 1,991.1 1,862.8 128.2
2002 .................................................................................. 1,853.1 2,010.9 -157.8
2003 .................................................................................. 1,782.3 2,159.9 -377.6
2004 .................................................................................. 1,880.1 2,292.8 -412.7
2005 .................................................................................. 2,153.6 2,472.0 -318.3
2006 .................................................................................. 2,406.9 2,655.0 -248.2
2007 .................................................................................. 2,568.0 2,728.7 -160.7
2008 .................................................................................. 2,524.0 2,982.5 -458.6
2009 .................................................................................. 2,105.0 3,517.7 -1,412.7
2011 estimate ................................................................... 2,173.7 3,818.8 -1,645.1
2012 estimate ................................................................... 2,627.4 3,728.7 -1,101.2
2013 estimate ................................................................... 3,003.3 3,770.9 -767.5
2014 estimate ................................................................... 3,332.6 3,977.1 -644.6
Straight from www.whitehouse.gov. (numbers in billions) This is simple math that can't be swayed by political party. Yes, the government was impacted by a decrease in revenue starting in 2008, but spending increases far outpaced the decrease in revenue. Take into account the "estimated" revenue numbers assume growth of 20%, 14%, 11% for 2012,2013,2014, respectively, but assume a spending decrease of 2% on 2012 and increases of 1% and 5% for 2013 and 2014. Only my opinion, but unless the economy growth literally explodes, those revenue numbers are nt anywhere near reality. This current fiscal path can not be sustained and drastic spending cuts will be necessary or the U.S. will be Greece 2.0.
I apologize beforehand if the formatting is jacked up once I post. Direct link to the chart is here. http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist.pdf