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The Federal Budget Is Recording Chronic Deficits

Created on October 16, 2012

The Federal Budget Is Recording Chronic Deficits

Federal Spending by the Numbers 2012

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In Billions of Inflation-Adjusted Dollars (2012)

Sources: Office of Management and Budget, Budget of the U.S. Government, FY 2013: Historical Tables, Table 1.1, February 2012, http://www.whitehouse.gov/omb/budget/Historicals (accessed August 8, 2012), and Congressional Budget Office, An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022, Alternative Fiscal Scenario, August 22, 2012, http://cbo.gov/publication/43543 (accessed August 23, 2012).