| FEDERAL SPENDING | FY 1961 | FY 2001 | FY 2008 | FY 2009 | FY 2010 |
|
| In Billions | In Billions | In Billions | In Billions | In Billions |
| Department |
|
|
| Budget | Obama 's 1st |
1 | Pensions | $ 12.8 | $ 481 | $ 668 | $ 767.9 | $ - |
| |
|
|
|
| $ - |
3 | Health care | $ 2.0 | $ 390 | $ 681 | $ 712.7 | $ - |
4 | Education | $ 1.7 | $ 63 | $ 105 | $ 99.9 | $ - |
5 | Defense | $ 57.0 | $ 366 | $ 729 | $ 805.0 | $ - |
6 | Welfare | $ 3.2 | $ 183 | $ 271 | $ 283.1 | $ - |
7 | Protection | $ 4.0 | $ 30 | $ 46 | $ 51.1 | $ - |
8 | Transportation | $ 4.4 | $ 54 | $ 80 | $ 83.9 | $ - |
9 | General govt. | $ 0.8 | $ 14 | $ 20 | $ 21.5 | $ - |
10 | Other | $ 8.4 | $ 74 | $ 90 | $ 22.4 | $ - |
11 | Interest | $ 7.5 | $ 206 | $ 244 | $ 260.2 | $ - |
12 | Balance | $ 3.0 |
|
| $ (0.5) | $ - |
13 | Stimulus | $ - |
|
| $ - | $ - |
14 | All other
| $ - |
|
|
|
|
15 | TOTAL | $ 104.8 | $ 1,861 | $ 2,934 | $ 3,107 | $ - |
I posted this chart in anticipation of the big budget/ economics speech tonight. It will be interesting to see how high spending will go under Barack.
I would bet it will reach $4.5 Trillion per year by FY2013 [before adding stimulus spending]. That is a 75% increase over Bush's last budget of FY 2009 [which was before the economic panic that led to the bank & AIG & Fannie & Freddie bailouts].
Source of data: www.usgovernmentspending.com
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