Vote Facts Logo
PayPal - The safer, easier way to pay online!

Federal Spending – Fast Facts

All fast facts for Federal Spending are from the non-partisan Congressional Budget Office (CBO), the National Commission on Fiscal Responsibility and Reform (NCFRR), and the Office of Management and Budget (OMB), and the U.S. Government Accountability Office (GAO). They do not represent all of their reports on this subject. Some simply provide historical context. Occasionally minor word adjustments may have been made for clarity or to reflect the updated nature of the statement. As always, verify and view statements in their full context as often as possible.

Large budget deficits and growing debt would reduce national saving, leading to higher interest rates, more borrowing from abroad, and less domestic investment—which in turn would lower income growth in the United States.   Click here to verify
Since September 2001, lawmakers have provided almost $1.4 trillion in budget authority for operations in Afghanistan and Iraq and related activities. That amount includes funding for military and diplomatic operations in Afghanistan, Iraq, and certain other regions; for some veterans’ benefits and services; and for related activities of the Department of Justice.   Click here to verify at Page 70
Outlays for discretionary programs (whose funding levels are determined by annual appropriations bills) totaled 12.7 percent of GDP in 1962, with nearly three-fourths going to defense. While discretionary spending has followed a path of secular decline over the past 25 years, its major components – defense and nondefense – have contrasting histories.   Click here to verify at Pages 8- 9 - – – Or use URL; www.gpoaccess.gov/usbudget/fy10/pdf/hist.pdf
From the beginning of the Republic until the start of the Civil War, our Nation relied on customs duties to finance the activities of the Federal Government. During the 19th Century, sales of public lands supplemented customs duties. While large amounts were occasionally obtained from the sale of lands, cutsoms duties amounts for over 90 percent of Federal receipts in most years prior to the Civil War.   Click here to verify at Page 6 - – – Or use URL; www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist.pdf
At 8.5 percent of gross domestic product (GDP), the $1.3 trillion budget deficit that the Congressional Budget Office (CBO) projects for 2011 will be the third-largest shortfall in the past 65 years (exceeded only by the deficits of the preceding two years).    Click here to verify
Pages 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

 

Home
Your Vote
In The News
Search Page
About
Contact
© 2014 VoteFacts LLC, all rights reserved.

Voting Key


Fact = 100% - 92% True
Mostly Fact = 91% - 75% True
Slightly Fact = 74% - 60% True
Split = 59% - 50% True
Slightly Fiction = 49% - 30% True
Mostly Fiction = 29% - 10% True
Fiction = 9% - 0% True