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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.

In 2011, the government’s receipts increased for the second consecutive year, reaching $2.3 trillion, which was 6.5 percent more than in 2010 but still 10 percent below their peak in 2007.   Click here to verify
Programmatic mandatory spending accounts for the largest part of the growth in Federal spending as a percent of GDP since the 1950s. Major programs in this category include Social Security, Medicare, unemployment insurance, deposit insurance, and means-tested entitlements (Medicaid, SNAP (formerly food stamps), Supplemental Security Income, the refundable portions of the Earned Income and Child Tax Credits, and other programs subject to an income asset test). Except for Social Security, growth in programmatic mandatory spending has continued to outpace the growth in GDP since the mid-1970s due largely to Medicare and Medicaid.  Click here to verify at Page 10 - – – Or use URL;
Spending by the government was 24.1 percent of GDP in 2011, lower than the 25.2 percent figure in 2009 and about the same share as in 2010, but well above the 40-year average of 20.8 percent.  Click here to verify
CBO estimates that the President’s budget proposals would reduce real (economic) output relative to the amount in the agency’s baseline by between 0.1 percent and 1.2 percent, on average, between 2017 and 2021, and by between 0.7 percent and 3.8 percent in the long term.  (This budget was not passed by the Congress and is not law).    Click here to verify
 Spending for net interest on publicly held debt rose by $3 billion (or 3 percent) in 2011.  Click here to verify
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