Federal Spending Exceeds Federal Revenue by More than $1 Trillion

Since 1965, spending has risen constantly. While federal revenues are recovering from the recent recession, spending is growing sharply, resulting in four consecutive years of deficits exceeding $1 trillion.

INFLATION-ADJUSTED DOLLARS (2012)

Federal Spending Exceeds Federal Revenue by More than $1 Trillion

Source: Office of Management and Budget.

Federal Spending per Household Is Skyrocketing
Federal Spending Exceeds Federal Revenue by More than $1 Trillion
Federal Spending Grew Nearly 12 Times Faster than Median Income
What if Families Handled Finances Like the Federal Government Does?
Mandatory Spending Has Increased Nearly Six Times Faster than Discretionary Spending
Runaway Spending, Not Inadequate Tax Revenue, Is Responsible for Future Deficits
Medicare and Other Entitlements Are Crowding Out Spending on Defense
National Defense Spending Would Plummet Under Obama's Budget
Budget Control Act Sequestration Would Hit Defense Hardest
Obama Budget Would Make Defense the Lowest Budget Priority
More than Half of All Federal Spending Will Be on Entitlement Programs in 2012
Total Welfare Spending Is Rising Despite Attempts at Reform
More than 70 Percent of Federal Spending Goes to Dependence Programs
Cut Spending, Fix the Debt, and Restore Prosperity

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More Resources

ISSUE BRIEF ON MARCH 14, 2012 Federal Budget: What Congress Must Do to Control Spending and Create Jobs

TESTIMONY ON OCTOBER 12, 2011 The Imperative of Spending Control

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Federal Spending Exceeds Federal Revenue by More than $1 Trillion

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