Monday, February 14, 2011

2011 Federal Budget and Deficit

2011 Budget Proposal - 3.7 Trillion

2011 Revenue Forecast - 2.0 Trillion

2011 Budget Deficit - 1.7 Trillion

(The 2011 deficit was forecasted to be 900 Billion in the 2009 budget)

"The president proposed trimming the deficits by $1.1 trillion over a decade" - Reuters


1 comment:

  1. Oh, I guess you were not aware that any sovereign country that issues it's own currencey is not revenue constrained. In fact, taxes are irrevelant because as the reserve currencey the US can issue bonds to no end as long as we are not over doing it. It's called MMT theory and it is annoying and silly yet many smart people subscribe to it. I am not there.