Unexpectedly Intriguing!
04 August 2011

What effect will the debt deal President Obama signed into law on 2 August 2011 have on the projected future level of government spending?

Adding two small data points to Alex Tabarrok's visualization of total federal government spending following the Budget Control Act passage into law, to compare the projects for the next 10 years against the previous ten, and then the previous "pre-financial crisis" ten years:

U.S. Federal Government Spending 2012-2021

So, to recap, when compared to the pre-crisis decade of federal government spending, instead of increasing at an annualized rate of 7.35% per year, the total amount of U.S. federal government spending is now projected to only increase at an annualized rate of 6.78% per year, thanks to the so-called "Budget Control Act".

No word yet on whether or not the nation's GDP will grow as quickly....

Data Sources

U.S. White House Office of Management and Budget. Budget of the United States Government: Historical Tables Fiscal Year 2012. Table 1.1 - Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789-2016. Accessed 3 August 2011.

Congressional Budget Office. The Budget and Economic Outlook: Fiscal Years 2011 to 2021. Accessed 3 August 2011.

U.S. House of Representatives. Text of Budget Control Act Amendment. Accessed 3 August 2011.


About Political Calculations

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Stock Charts and News

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button


The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links

Useful Election Data
Charities We Support
Shopping Guides
Recommended Reading
Recently Shopped

Seeking Alpha Certified

Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.