FY Receipts Outlays Deficit/Surplus GDP
President
1930 4.1B 3.3B
+0.7 98.4B
Hoover
1931 3.1B 3.6B
-0.5 84.8B
1932 1.9B 4.7B
-2.7 68.5B
1933 2.0B 4.6B
-2.6 58.3B
Roosevelt
1934 3.0B 6.5B
-3.6 62.0B
1935 3.6B 6.4B
-2.8 70.5B
1936 3.9B 8.2B
-4.3 79.6B
1937 5.4B 7.6B
-2.2 88.9B
1938 6.8B 6.8B
-0.1 90.2B
1939 6.3B 9.1B
-2.8 90.4B
1940 6.5B
9.5B
-2.9 98.2B
1941 8.7B
13.7B -4.9 116.2B WW2
1942 14.6B 35.1B -20.5 147.7B
1943 24.0B 78.6B
-54.6 184.6B
1944 43.7B 91.3B
-47.6 213.5B
1945 45.2B
92.7B -47.6 226.4B
1946 39.3B
55.2B -15.9 228.0B
1947 38.5B
34.5B +4.0 238.9B
Truman
1948 41.6B
28.9B +11.8 261.9B
1949 39.4B
38.8B +0.6 276.5B
1950 39.4B
42.6B -3.1 278.7B Korean War
1951 51.6B
45.5B -6.1 327.1B
1952 66.2B
67.7B -1.5 357.1B
1953 69.6B
76.1B -6.5 382.1B Eisenhower
1954 69.7B
70.9B -1.2 387.2B
1955 65.5B 68.4B
-3.0 406.3B
1956 74.6B
70.6B +3.9 438.3B
1957 80.0B
76.6B +3.4 463.4B
1958 79.6B
82.4B -2.8 473.5B
1959 79.2B
92.1B -12.8 504.6B
1960 92.5B
92.2B +0.3 534.3B
1961 94.4B 97.7B
-3.3 546.6B
Kennedy
1962 99.7B
106.8B -7.1
585.7B
1963 106.6B 111.3B -4.8 618.2B Johnson
1964 112.6B 118.5B -5.9 661.7B Medicare
1965 116.8B 118.2B -1.4 709.3B Vietnam
1966 130.8B 134.5B -3.7 780.5B
1967 148.8B 157.5B -8.6 836.5B
1968 153.0B 178.1B -25.2 897.6B
1969 186.9B 183.6B +3.2 980.3B Nixon
1970 192.8B 195.6B -2.8 1.0467T
1971 187.1B 210.2B -23.0 1.1166T
1972 207.3B 230.7B -23.4 1.2163T
1973 230.8B 245.7B -14.9 1.3527T
1974 263.2B 269.4B -6.1 1.4929T Ford
1975 279.1B 332.3B -53.2 1.6069T
1976 298.1B 371.8B -73.7 1.7861T
1977 355.6B 409.2B -53.7 2.0243T Carter
1978 399.6B 458.7B -59.2 2.2735T
1979 463.3B 504.0B -40.7 2.5656T
1980 517.1B 590.9B -73.8 2.7919T
1981 599.3B 678.2B -79.0 3.1332T Reagan
1982 617.8B 745.7B -128.0 3.3134T
1983 600.6B 808.4B -207.8 3.5360T
1984 666.4B 851.8B -185.4 3.9492T
1985 734.0B 946.3B -212.3 4.2651T
1986 769.2B 990.4B -221.2 4.5263T tax cuts
1987 854.3B 1.0040T -149.7 4.7677T
1988 909.2B 1.0644T -155.2 5.1386T
1989 991.1B 1.1437T -152.6 5.5547T Bush I
1990 1.0320T 1.2530T
-221.0 5.8988T
1991 1.0550T 1.3242T
-269.2 6.0932T
1992 1.0912T 1.3815T -290.3 6.4163T
1993 1.1543T 1.4094T
-255.1 6.7753T Clinton
1994 1.2586T 1.4618T
-203.2 7.1769T
1995 1.3518T 1.5157T
-164.0 7.5604T
1996 1.4531T 1.5605T
-107.4 7.9513T
1997 1.5792T 1.6011T
-21.9 8.4510T
1998 1.7217T 1.6525T
-69.3 8.9309T
1999 1.8275T 1.7018T-125.6 9.4794T
2000 2.0252T
1.7890T-236.2 10.1175T
2001 1.9911T
1.8628T-128.2 10.5265T Bush 2
2002 1.8531T
2.0109T-157.8 10.8337T
2003 1.7823T
2.1599T-377.6 11.2838T
2004 1.8801T
2.2928T-412.7 12.0255T
2005 2.1536T
2.4720T-318.3 12.8342T
2006 2.4069T
2.6551T-248.2 13.6384T
2007 2.5680T
2.7287T-160.7 14.2908T
2008 2.5240T 2.9825T-456.6 14.7433T
2009 2.1050T 3.5177T-1412.7 14.4318T Obama
2010 2.1627T
3.4571T-1457.1 14.8389T
2011 2.3035T
3.6031T-1299.6 15.4037T
2012 2.4500T
3.5266T-1076.6 16.0565T
2013 2.7751T 3.4549T
-679.8 16.6038T
2014 3.0215T 3.5063T
-484.8 17.3356T
2015 3.2499T 3.6919T
-442.0 18.1061T
2016 3.2680T 3.8526T
-584.7 18.5817T
2017 3.3162T 3.9816T
-665.4 19.3166T Trump
2018 3.3299T 4.1090T
-779.1 20.3689T
2019 3.4634T 4.4470T
-983.6 21.2239T covid19
2020 3.4212T
6.5504T-3129.2 20.9997T
2021 3.5808T
7.2495T-3668.7 22.0300T Biden
2022 4.1742T
6.0111T-1837.0 23.4997T
2023 4.6410T
6.0130T-1371.9 24.5633T est
2024 4.8278T 6.1868T-1359.0 25.5365T est
https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays
Comments
GDP is rising by $1 trillion a year because of federal government overspending. Revenues are down, so this unnecessary spending on climate change results in trillion dollar increases on the US National Debt.
The US Congress routinely spends more than it takes in taxes. This results in inflation and debt. In 1913, a loaf of bread was 2 cents and wages were $1 a day. In 1966, a gallon of galoline was 20 cents and a good family income was $10,000 per year.
In 1941, the US ran deficits from WW2 war expenses. In 1946,1947 and 1949 the US ran surpluses because Europe was rebuilding their factories.
In addition to federal taxes being received and counted as Receipts, congress spends the Social Security taxes received in real-time. Finally, when congress appropriates more than they have access to, congress spends more and that amount is charged to the National Debt, now approaching $33Trillion.
Norb Leahy, Dunwoody GA Tea
Party Leader
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