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Topic: What are the raw numbers that are appropriate to this issue.

In 2002 the GNP, is {all figures in billions of dollars}:

$10,846

Federal government is planning to collect about:

     $2,135, {21% of GDP, The states spend an additional 9%, see: as of 2000 page 295/308} of which,

$1,024.2 {47%} is from Income taxes,
   $721.9 {33%} is Social Security, and
   $229.1 {10%} is from Corporate taxes.

This money was planned to be spent, as follows:

$429.9 Social Security
$374.4 Non-Defense {Discressionary}
$304.0 Defense
$224.9 Other {Non-Discressionary}?
$214.2 Medicare
$130.3 Medicaid

$171.2 Surplus {Social Security}

Note: The Citizens Against Government Waste estimates that: . "If Congress truly wants to preserve surpluses for this year and many years to come, they should begin by eliminating all pork projects from the federal budget – $18.5 billion last year alone." {Though of course one person's pork is an others bacon}

The $5,753 end of 2002 Debt is planned to be, as follows:

$2,453 Owned by the US Government {Social Security lock box} {at 6% interest, this is saving the tax payer $147 B/year}
$3,300 Owned by citizens and others.

The "Adjustment" to the previous budgets, to make the surplus, excluding Social Security, 0 in 2001, and 2002 was:

2001	2002
-$46	-$44	Economic adjustments
-$40	-$40	Tax rebates and other enacted tax change
-$28	$28	Corporate tax timing shift
-$5	-$1	Farm Assistance
-$4	-$11	Defense requirements
-1	-6	Related debt service
0	$3	Tax Proposals
$3	$11	Medicare reform (cuts)
-123	-59	Total change in surplus (- = Reduction)

Tax cuts in 2011, due to different parts. (as originally proposed?)

100% -- 231.7 B$ ---- Total tax cut {that year} 7% of 3,223 ( Receipts)

• 30% -- 69.9 B$ -- Tax Bracket cut
• 25% -- 57.8 B$ -- "Death Tax"
• 17% -- 40.6 B$ -- 10% Bracket (e.g. 47% due to Bracket cuts)
• 12% -- 28.6 B$ -- Child Credit
•   6% -- 16.0 B$ -- Marriage "Penalty"

See: Table S-9. Effect of Proposals on Receipts,

As a way of "thinking" about the budget, I have developed an analogy, I hope that it is useful and not biased, It thinks about the Government as a family who is the major stockholder in a widget company: For more detail See Analogy

The following is that GDP growth over the last 50 years. It looks to me as though there has roughly been a 8% growth except for a larger growth in the '65 to '85 period, and a slower growth recently.

.See: freelunch.com

Time Lines

• 1969 Nixon
• 1974 Ford
• 1981 Carter
• 1985 Reagan
• 1989 Bush
• 1993 Carter
• 2001 Bush

Note: Recently 2003, congresss has passed another tax cut. This has a number of Sunset conditions, but the following are the rates

Otherwise you may proceed to other issue related pages:

Summary   Positions   Facts   Polls  Discussion    Also_See

• See: FY 2002 budget history
• FY 2002 Mid-Session Review {of budget}

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