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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.

Discretionary spending, which is governed by annual appropriation acts, totaled about $1.3 trillion, or 37 percent of all federal outlays in fiscal year 2011.   Click here to verify
The federal government took in $2.3 trillion in revenues in fiscal year 2011 (which ended on September 30, 2011), about $1.3 trillion less than it spent. Most of those revenues come from individual income taxes and the payroll taxes that support Social Security and Medicare’s Hospital Insurance program.      Click here to verify
Discretionary funding for 2011 totaled $1.277 trillion: $712 billion for defense, and $566 billion for nondefense activities, including $54 billion in obligation limitations for some transportation programs.   Click here to verify at Page 6   — http://www.cbo.gov/sites/default/files/cbofiles/attachments/10-26-DiscretionarySpending_Testimony.pdf
Budget authority provided for defense activities in 2011 was $3 billion (or less than 1 percent) below the amount provided the year before; the sum of discretionary budget authority and obligation limitations for nondefense programs was $39 billion (or 7 percent) below the amount provided in 2010.  Nevertheless, discretionary outlays in 2011 were close to the amounts spent in 2010, CBO estimates, because of spending from funds appropriated in previous years.   Click here to verify at Page 6  —- http://www.cbo.gov/sites/default/files/cbofiles/attachments/10-26-DiscretionarySpending_Testimony.pdf
The Department of Defense reports that in fiscal year 2011, obligations for operations in Afghanistan and Iraq and for related activities averaged $11.6 billion per month (through July, the last month for which data are available). That monthly average is almost $1 billion less than the amount reported for 2010.  Click here to verify at Page 29   - – – URL:  http://www.cbo.gov/sites/default/files/cbofiles/attachments/10-26-DiscretionarySpending_Testimony.pdf
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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