Observations about the budget and our chart.

Bar Chart Data Source: Monthly Treasury Statement (MTS) published by the U. S. Treasury Department. WE DON'T MAKE THIS DATA UP! IT COMES FROM THE U. S. TREASURY DEPARTMENT! NO ADJUSTMENTS.

The MTS published in October of each year contains the total "actuals" for the FY just ended. The MTS covering through September 2011 was released on 14 October 2011, so this chart shows Actuals for FY2011.

Normally the chart also shows the proposed budget line for the next fiscal year, but there is no U. S. budget for FY2012.

As part of the "War Supplement Bill for FY2011", The House of Representatives "deemed" the 2011 Budget, and the Senate completely discarded the Presidential Budget Proposal. So there was not Federal Budget for FY2011.

Similarly, the President submitted a budget for FY2012, but Senator Reid tossed it, and would not let Congress vote on it. The House of Representatives also sent a 2012 budget proposal to the Senate. Same result. There is no U.S. Federal Budget for FY2012.

Instead, we have a series of "continuing resolutions", allowing Congress to continue spending without the guidelines of a budget. But the Treasury Department has to borrow money to pay for that spending. It adds to the National Debt.

The Congressional Budget Office reported on the Federal Debt and the Risk of a Financial Crisis in this report on the 2011 non-budget.

On 4 October 2011, a Congressional Panel Hearing suggested that Congress skip the entire budget process.

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NDAC studies the Budget Proposals submitted to Congress each year by the President of the United States. One of the documents that goes along with the Budget Proposal, "Historical Tables", is published by the Office of Management and Budget (OMB). Our analysis is discussed on the home page of this web site.

Just for clarification: "entitlement" expenditures are handled by several federal agencies, not just Health and Human Services. Agriculture Department administers "food stamps", HUD is all welfare.

Some suggest "tax the rich to make up the deficit". The total worth of all American billionaires is $1.3 Trillion. We could take ALL their worth, not just high taxes, but ALL their WORTH; and it wouldn't dent our national debt. It wouldn't even pay this year deficit! And if we did take their money to pay some of this year's deficit, what would we do next year? We've already spent too much. Here's a video to explain better.

go to National Debt Awareness Center web site.