Federal Budget: Revenues & Outlays

by Catherine on April 26, 2009

Comparing the projections of the Federal Budget after 2009: Baseline (if no change in policy were happen) vs the President’s Budget.

Graph from CBO’s March report found via Economix Blog – NYTimes.com

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Tagged as: Blog, Congressional Budget Office, Federal Budget, Line Graph, United States

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1 Jason Seligman

This is a wonderful post. It really begs the question, “What is the Obama administration doing proposing to cut revenues below the Bush Baseline?”

2 spencer

The baseline scenario makes several unrealistic assumptions that make the baseline projections unrealistic small. They include the assumption that the Bush tax cuts
will expire and nothing will be done to eliminate the Alternative minimum Tax.

Consequently it is an extremely biased projection.

3 GS

Can you chart the difference to see how “now” compares to the past? Charted with recessions?

4 ben rush

there are no units on this chart! what is the vertical axis referring to?

5 Charles L. Baker

This graph is FALSE. Don’t you remember that President Bush kept the cost of his two wars “off budget?”

While Obama is attempting to be honest and include everything – this was never done during the Bush years.

Read more details about this kind of lying here:

http://www.asymptosis.com/this-time-mankiws-just-plain-lying-and-he-knows-it.html

-Charlie

6 PB

This is a wonderful post. It really begs the question, “What is the Obama administration doing proposing to cut revenues below the Bush Baseline?”

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