"Obama Is More Fiscally-Responsible Than Bush Ever Was!"

FY 2001:

Non-defence spending: $1.655 trillion
Defence: $305 billion
Revenue: $1.99 trillion (including SS)
Total spending: $1.96 trillion
Deficit: $133.29 billion (without trust funds)
GDP: $13.1268 trillion
Revenue-to-GDP: 15.16%
Spending-to-GDP: 14.93%
Deficit-to-GDP: 1.24%
National Debt: $5.8075 trillion
Debt-to-GDP: 53.84%


FY 2002:

Non-defence spending: $1.6823 trillion
Defence: $328.7 billion
Revenue: $1.853 trillion
Total spending: $2.011 trillion
Deficit: $157.8 billion
GDP: $10.6423 trillion
Revenue-to-GDP: 17.41%
Spending-to-GDP: 18.89%
Deficit-to-GDP: 1.483%
National Debt: $6.4057 trillion
Debt-to-GDP: 60.19%


FY 2003:

Non-defence spending: $1.3774 trillion
Defence: $404.9 billion
Revenue: $1.7823 trillion
Total spending: $2.159 trillion
Deficit: $374 billion
GDP: $11.1421 trillion
Revenue-to-GDP: 15.99%
Spending-to-GDP: 19.38%
Deficit-to-GDP: 3.39%
National Debt: $6.7832 trillion
Debt-to-GDP: 60.88%


FY 2004:

Non-defence spending: $1.836 trillion
Defence: $455.9 billion
Revenue: $1.880 trillion
Total spending: $2.292 trillion
Deficit: $413 billion
GDP: $11.8678 trillion
Revenue-to-GDP: 15.84%
Spending-to-GDP: 19.31%
Deficit-to-GDP: 3.48%
National Debt: $7.596 trillion
Debt-to-GDP: 64.01%


FY 2005:

Non-defence spending: $1.976 trillion
Defence: $495.30 billion
Revenue: $2.153 trillion
Total spending: $2.472 trillion
Deficit: $317 billion
GDP: $12.6384 trillion
Revenue-to-GDP: 17.04%
Spending-to-GDP: 19.56%
Deficit-to-GDP: 2.52%
National Debt: $8.1708 trillion
Debt-to-GDP: 64.65%


FY 2006:

Non-military defence: $2.119 trillion
Defence: $535.9 billion
Revenue: $2.407 trillion
Total spending: $2.655 trillion
Deficit: $248 billion
GDP: $13.3989 trillion
Revenue-to-GDP: 17.96%
Spending-to-GDP: 19.82%
Deficit-to-GDP: 1.85%
National Debt: $8.6802 trillion
Debt-to-GDP: 64.78%


FY 2007:

Non-defence spending: $2.2026 trillion
Defence: $527.4 billion
Revenue: $2.568 trillion
Total spending: $2.728 trillion
Deficit: $163 billion
GDP: $14.0776 trillion
Revenue-to-GDP: 18.24%
Spending-to-GDP: 19.38%
Deficit-to-GDP: 1.86%
National Debt: $9.2298 trillion
Debt-to-GDP: 65.67%


FY 2008:

Non-defence spending: $2.488 trillion
Defence: $494.4 billion
Revenue: $2.524 trillion
Total spending: $2.9825 trillion
Deficit: $438 billion
GDP: $14.4414 trillion
Revenue-to-GDP: 17.48%
Spending-to-GDP: 20.65%
Deficit-to-GDP: 3.18%
National Debt: $10.6998 trillion
Debt-to-GDP: 74.01%


FY 2009:

Non-defence spending: $3.0234 trillion
Defence: $494.3 billion
Revenue: $2.105 trillion
Total spending: $3.5177 trillion
Deficit: $1.786 trillion
GDP: $14.119 trillion
Revenue-to-GDP: 14.91%
Spending-to-GDP: 24.92%
Deficit-to-GDP: 12.91%
National Debt: $12.13497 trillion
Debt-to-GDP: 85.95%
 

FY2010:

Non-defence spending: $2.793 trillion
Defence: $663.7 billion
Revenue: $2.1627 trillion
Total Spending: $3.4562 trillion
Deficit: $1.295 trillion
GDP: $14.5082 trillion
Revenue-to-GDP: 14.91%
Spending-to-GDP: 23.83%
Deficit-to-GDP: 8.54%
National Debt: $13.5616 trillion
Debt-to-GDP: 93.48%


FY2011:

Non-defence spending: $2.72 trillion
Defence: $880 billion
Revenue: $2.3 trillion
Total Spending: $3.6 trillion
Deficit: $1.3 trillion
GDP: $14.959 trillion
Revenue-to-GDP: 15.38%
Spending-to-GDP: 24.39%
Deficit-to-GDP: 8.69%
National Debt: $14.76 trillion
Debt-to-GDP: 98.67%


These are the latest figures, but subject to revision since the FY ended on 09.30.12:

FY2012:

Non-defence spending: $2.804 trillion
Defence: $925 billion
Revenue: $2.628 trillion
Total Spending: $3.729 trillion
Deficit: $1.101 trillion
GDP: $15.602 trillion
Revenue-to-GDP: 16.84%
Spending-to-GDP: 23.9%
Deficit-to-GDP: 7.06%
National Debt: $16.336 trillion
Debt-to-GDP: 104.7%



Reminder: There was NO Bush FY2009 Budget