Tuesday, April 5, 2011

The Budget Battle: What you need to know

Cover of the New Yorker, Nov 15, 2011

President Obama today met with House Speaker John Boehner in an effort to reach a budget compromise prior to Friday’s impending shutdown of “non-essential” government services. Both political parties are jockeying to blame the other in the event a shutdown occurs.

Here’s what you need to know about the budget battle, condensed into two charts:

Federal Budget by Fiscal Year

Federal Budget by Fiscal Category


1. Both federal spending and the federal deficit have grown significantly under the Obama administration.

2. Without cuts in defense, Social Security, or Medicare, or increases in revenue, you could shut down the rest of the government and still have a deficit.

1 comment:

  1. Instead of leadership we have Robert Reich telling us to tax the rich 90%, because they cheat on their taxes and won't pay it all anyway.