Home > Political > $1.3 trillion dollar deficit

$1.3 trillion dollar deficit

Ahead of last year’s 1.29 trillion, but behind 2009’s 1.4 trillion. Where is all this money going?

TARP is tied to Bush, that was $700 billion dollars (split in two parts, and Obama and the democrats approved the 2nd half, but who’s counting?). Where is the rest of the money going, Dems? How can you keep blaming Bush? He’s not in office any more, he can’t be spending this money?

Stimulus 1 was back in 2009. That accounts for a large portion of that year’s deficit. What about the next 2 years? Where is it going, how is it being spent? I’m really curious to know.

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Categories: Political
  1. MJ
    October 18, 2011 at 1:46 pm

    I think this happened: There has been a 22.5% increase in the federal budget since Bush’s last year. And that included part of TARP.

  2. October 18, 2011 at 2:20 pm

    http://www.gpoaccess.gov/usbudget/fy11/pdf/budget.pdf

    2009: Spending 3.518 trillion, income 2.105 trillion, deficit 1.4 trillion
    2011: Spending 3.728 trillion, income 2.583 trillion. deficit 1.1 trillion

    spending went up 210 billion, income went up 438 billion (!).

    If TARP is part of 2009, what makes up the rest? What increased? TARP was one time, not ongoing. Increased spending from 2009 is 5.9%.

    • October 18, 2011 at 2:28 pm

      2008: spending 2.9 trillion, income 2.7 trillion

      source wikipedia (ugh).

      So, 2008 – 2011 increase in spending is 27.5% of 2008 total, 21.4% of 2011 total. MJ is right on.

      WTF is 800 billion extra being spent on? TARP is one, Stimulus 1 is 2, what is the others?

  3. October 26, 2011 at 3:03 pm

    i know it’s a miniscule amount as compared to the overall numbers…. but seriously… wtf.
    we need to stop this kind of bs. i’m sure there are 1000’s of other examples of this kind of waste.

    http://www.washingtontimes.com/news/2011/oct/25/state-department-buys-70000-worth-obama-memoir/

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