The 2012 Federal Budget

If you want to see a good visualization of the annual deficit, have a look at the chart below:

-Government spending: The left bar shows that, relative to our tax base, we spend too much.
-Financing: The right bar shows that relative to our spending, we tax too little.

The graph at right shows that the Great Recession caused outlays to fall, but revenues to fall even more:

 


Source: J.P. Morgan

This piece is cross-posted from The Big Picture with permission.

4 Responses to "The 2012 Federal Budget"

  1. steve   January 22, 2013 at 1:27 pm

    yeah pretty simple actually

    • ahome-house.com/   April 13, 2013 at 7:41 am

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  2. Frank Youell   January 22, 2013 at 1:52 pm

    "The graph at right shows that the Great Recession caused outlays to fall, but revenues to fall even more:"

    You means "outlays to rise".

  3. kiers   January 23, 2013 at 1:04 am

    It's only a few trillion. Why worry bout it. It's not as if you actually have to sit there and count it. Sheesh.