Chuck Schumer: We Think Nation Is In GREAT SHAPE

Seems so.

The charts in this book are based primarily on data available as of March 2011 from the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO). The charts using OMB data display the historical growth of the federal government to 2010 while the charts using CBO data display both historical and projected growth from as early as 1940 to 2084. Projections based on OMB data are taken from the White House Fiscal Year 2012 budget.
The charts provide data on an annual basis except where calculations are made for Administration averages. Debt limit data are based on the limit in effect at the end of the calendar year. All spending and revenue data are based on a fiscal year. For simplicity, these are displayed as calendar years in the charts. Prior to 1976, the fiscal year was from July 1 to June 30. Following that year, the current format of October 1 to September 30 was implemented. In the charts, the transition is omitted for clarity. Also, in all charts in which spending or revenue is measured by taxpayer, taxpayers are counted as the number of individual income tax returns filed (according to data from the Internal Revenue Service) per year. Thus, married couples that both work but file a joint return are counted as a single combined-income unit. Most of the data are adjusted for inflation in 2010 dollars. Specific information regarding data sources is indicated at the bottom of each chart.
Charts designating Presidential Administrations begin with the fiscal year in which the Administration presented its first budget. In the case of 2012, an atypical year in which much was spent before the Administration’s first fiscal year budget (FY2011), all revenue and spending up to the CBO January 2012 "Budget and Economic Outlook" is attributed to President Bush. All revenue and spending thereafter is attributed to President Obama.

 

Fair enough, thank you.


c

 

Here's another interesting pair of facts that will take us off the cliff.

<img src="http://www.heritage.org/budgetchartbook/charts/2011/growth-federal-spending-600.jpg">

 

So, I guess some would say that we need to get the money from somewhere, right? Not the middle class it seems. Wonder who has the money now to help pay for all this?

Just joking, yes we need to cut spending. But we also have to get the middle class back to work, and making more money hopefully.


c

 

<img src="http://nationalpriorities.org/media/uploads/charts/fed_outlays_and_rev_as_perc_gdp.png">

 

I knew you would come around. You are the only sane liberal on ET. (well, sort of sane)

 

Who is the 'We"?

 

Chuck Schumer: We Think Nation Is In GREAT SHAPE
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Very simple explanation for that statement. he got laid last night

 

I pride myself on sanity, a little tough to keep when on ET, a challenge if you will. Still hoping for more things we can share in common than fight about.

And, to your point, yes of course we have to cut the stupid spending. No matter what or who is in charge.


c

 

Pity me. I have that jackass as my senator. The only thing my country is good at producing is debt and war and this clown says we're in great shape.