Dem Budget Charts
Content
Charts:
House Budget Committee
g
Markup FY2010
March 25, 2009
2
War Related DoD Spending Since 2001
(i
Billi
f D ll )
(in Billions of Dollars)
200
186
180
165
160
141
130
140
116
120
100
100
80
76
74
2003
2004
60
40
20
14
19
2001
2002
0
2005
2006
2007
2008
2009* 2010**
Source: CBO & OMB. * 2009 includes enacted and pending requests. ** 2010 request
3
The Majority’s Bait & Switch SCHIP Funding
Millions of Ch
hildren
11
9
7
5
3
1
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
4
Spending Restraint?
(in
billions of dollars)
(in billions of dollars)
Obama FY2010 Budget*
5,500.0
5 000 0
5,000.0
4,500.0
4,000.0
,
3,500.0
3,000.0
2,500.0
2,000.0
1 500 0
1,500.0
1,000.0
Source: * = CBO Estimate
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
500.0
5
Expanding the Size of Government
(Government Spending as Percentage of GDP)
(Government Spending as Percentage of GDP)
31
29
27
25
23
21
19
17
15
Historical Average
Source: CBO Estimate
Obama Administration FY2010 Budget
6
Medicare’s Unfunded Liability
(O
75 Y
)
(Over 75 Years)
(in Trillions of Do
ollars)
60
$48 Trillion
$48 Trillion
50
40
30
20
$36 Trillion
$36 Trillion
Per House
Hold Burden:
$317 700
$317,700
Per House
Hold Burden:
$421 402
$421,402
10
0
Today
2014
7
Expanding the Size of Government
(Government Spending as Percentage of GDP)
(Government Spending as Percentage of GDP)
60.0
Actual
Democratic Budgets*
Historical Average
50.0
40.0
30.0
20.0
10 0
10.0
* ‐‐ Out‐years based on CBO’s Long‐Term with revenue held at 18.3%
2055
5
2050
0
2045
5
2040
0
2035
5
2030
0
2025
5
2020
0
2015
5
2010
0
2005
5
2000
0
1995
5
1990
0
1985
5
1980
0
1975
5
1970
0
1965
5
1960
0
1955
5
1950
0
1945
5
1940
0
0.0
8
Family Budget vs. Government Budget
((Percentage Growth Rate)
h
)
5
4
3
2
1
0
1993‐2000 Avg. Family
Budget
2001‐2008 Avg. Family
Budget
* CBO Estimate
2010‐19 Avg. Gov't
Spending under
President's FY10 Budget*
9
Tax Cuts for 95% of Americans?
Tax Cuts for 95% of Americans?
Make Work Pay Tax Credit = ‐$800
$ ,
Impact of Cap and Trade* = +$1,600
Impact of Cap and Trade
Net Tax Increase per Family = +$800
* CBO Estimate
10
Cap and Trade = 1.5 Million Jobs Lost
(Cumulative Job Losses Per Year)
1,600,000
1,400,000
1,200,000
1,000,000
800 000
800,000
600,000
400,000
200,000
0
2011
2012
2013
2014
2015
11
Who Bears the Tax Burden?
(Sh
fI
T B d )
(Share of Income Tax Burden)
100
96.1
90
97
2000
2006
80
70
67.3
60
71
50
37.4
40
40
30
20
10
3.9
2.9
0
Bottom 50%
Top 50%
Top 10%
Top 1%
Largest Tax Increases in American History
(in Billions of Dollars)
(
)
600
500
$573
400
300
200
$241
100
0
Omnibus Budget Reconciliation Act
1993
Democratic Budget FY2010
(Tax Increases over 5 years)
12
Deficit Under Democratic Budgets
(Deficit
Levels in Billions of Dollars)
(Deficit Levels in Billions of Dollars)
2,000
1,800
Republican Budgets
Democratic Budget
1,600
$ Billion
n
1,400
1,200
1,000
800
600
400
200
0
CBO Estimate
13
14
Future Debt Burden
( b
(Debt Held by Public As Percentage of GDP)
ld b
bl
f
)
250
Actual
ctua
Democratic Budgets*
e oc at c udgets
200
150
100
50
Source: CBO Estimate
1940
0
1944
4
1948
8
1952
2
1956
6
1960
0
1964
4
1968
8
1972
2
1976
6
1980
0
1984
4
1988
8
1992
2
1996
6
2000
0
2004
4
2008
8
2012
2
2016
6
2020
0
2024
4
2028
8
2032
2
2036
6
2040
0
0
* ‐ ‐ Out‐years based on CBO’s Long‐Term Projections
15
More than Doubling the Debt Held by the Public
(in
Billions of Dollars)
(in Billions of Dollars)
18,000
16,000
,
14,000
12,000
10,000
8,000
6,000
4,000
2,000
CBO Estimate
201
19
201
18
201
17
201
16
201
15
201
14
201
13
201
12
201
11
201
10
200
09
200
08
200
07
200
06
200
05
200
04
200
03
200
02
200
01
200
00
0
16
A $2.3 Trillion Higher Deficit
(in Billions of Dollars)
(in Billions of Dollars)
2000
1800
1600
CBO: President’s FY2010 Budget
1400
1200
1000
800
600
400
200
OMB: President’s FY2010 Budget
0
2008
2009
2010
2011
2012
Source: OMB & CBO Estimate
2013
2014
2015
2016
2017
2018
2019
17
Doubling the National Debt
(Billions
of Dollars)
(Billions of Dollars)
25,000
20,000
15,000
10 000
10,000
5,000
OMB Estimate
201
19
201
18
201
17
201
16
201
15
201
14
201
13
201
12
201
11
201
10
200
09
200
08
200
07
200
06
200
05
200
04
200
03
200
02
200
01
200
00
0
18
Raising Taxes to Reduce the Deficit?
(President Obama’s Budget)
‐
=
Payroll Jobs
19
500
300
Pre‐ 2003
Tax Relief
Democrats
Control Congress
Jobs in TThousands
100
‐100
‐300
Post‐ 2003
Tax Relief
‐500
‐700
Standard & Poor’s 500
20
[Stock Price Index]
1650
1550
1450
1350
I
Index
1250
1150
1050
950
850
750
650
Post
9/11
Post ‐ 2003
Tax Relief
Democrats
Control Congress
21
Eliminating Federal Family Education Loan Program
(Job
Losses Impacted by FFELP)
(Job Losses Impacted by FFELP)
AK
AR
CA
CT
DE
GA
IL
KS
LA
Total: ‐30,082 Jobs
MD
MI
MO
MT
ND
NH
NM
NY
OK
PA
SC
TN
UT
VT
WI
0
500
1000
1500
2000
2500
3000
22
$50 Million for the NEA
OR
$50 Million for our Veterans for CBOC Facilities
23
House Budget Committee
g
Markup FY2010
March 25, 2009
2
War Related DoD Spending Since 2001
(i
Billi
f D ll )
(in Billions of Dollars)
200
186
180
165
160
141
130
140
116
120
100
100
80
76
74
2003
2004
60
40
20
14
19
2001
2002
0
2005
2006
2007
2008
2009* 2010**
Source: CBO & OMB. * 2009 includes enacted and pending requests. ** 2010 request
3
The Majority’s Bait & Switch SCHIP Funding
Millions of Ch
hildren
11
9
7
5
3
1
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
4
Spending Restraint?
(in
billions of dollars)
(in billions of dollars)
Obama FY2010 Budget*
5,500.0
5 000 0
5,000.0
4,500.0
4,000.0
,
3,500.0
3,000.0
2,500.0
2,000.0
1 500 0
1,500.0
1,000.0
Source: * = CBO Estimate
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
500.0
5
Expanding the Size of Government
(Government Spending as Percentage of GDP)
(Government Spending as Percentage of GDP)
31
29
27
25
23
21
19
17
15
Historical Average
Source: CBO Estimate
Obama Administration FY2010 Budget
6
Medicare’s Unfunded Liability
(O
75 Y
)
(Over 75 Years)
(in Trillions of Do
ollars)
60
$48 Trillion
$48 Trillion
50
40
30
20
$36 Trillion
$36 Trillion
Per House
Hold Burden:
$317 700
$317,700
Per House
Hold Burden:
$421 402
$421,402
10
0
Today
2014
7
Expanding the Size of Government
(Government Spending as Percentage of GDP)
(Government Spending as Percentage of GDP)
60.0
Actual
Democratic Budgets*
Historical Average
50.0
40.0
30.0
20.0
10 0
10.0
* ‐‐ Out‐years based on CBO’s Long‐Term with revenue held at 18.3%
2055
5
2050
0
2045
5
2040
0
2035
5
2030
0
2025
5
2020
0
2015
5
2010
0
2005
5
2000
0
1995
5
1990
0
1985
5
1980
0
1975
5
1970
0
1965
5
1960
0
1955
5
1950
0
1945
5
1940
0
0.0
8
Family Budget vs. Government Budget
((Percentage Growth Rate)
h
)
5
4
3
2
1
0
1993‐2000 Avg. Family
Budget
2001‐2008 Avg. Family
Budget
* CBO Estimate
2010‐19 Avg. Gov't
Spending under
President's FY10 Budget*
9
Tax Cuts for 95% of Americans?
Tax Cuts for 95% of Americans?
Make Work Pay Tax Credit = ‐$800
$ ,
Impact of Cap and Trade* = +$1,600
Impact of Cap and Trade
Net Tax Increase per Family = +$800
* CBO Estimate
10
Cap and Trade = 1.5 Million Jobs Lost
(Cumulative Job Losses Per Year)
1,600,000
1,400,000
1,200,000
1,000,000
800 000
800,000
600,000
400,000
200,000
0
2011
2012
2013
2014
2015
11
Who Bears the Tax Burden?
(Sh
fI
T B d )
(Share of Income Tax Burden)
100
96.1
90
97
2000
2006
80
70
67.3
60
71
50
37.4
40
40
30
20
10
3.9
2.9
0
Bottom 50%
Top 50%
Top 10%
Top 1%
Largest Tax Increases in American History
(in Billions of Dollars)
(
)
600
500
$573
400
300
200
$241
100
0
Omnibus Budget Reconciliation Act
1993
Democratic Budget FY2010
(Tax Increases over 5 years)
12
Deficit Under Democratic Budgets
(Deficit
Levels in Billions of Dollars)
(Deficit Levels in Billions of Dollars)
2,000
1,800
Republican Budgets
Democratic Budget
1,600
$ Billion
n
1,400
1,200
1,000
800
600
400
200
0
CBO Estimate
13
14
Future Debt Burden
( b
(Debt Held by Public As Percentage of GDP)
ld b
bl
f
)
250
Actual
ctua
Democratic Budgets*
e oc at c udgets
200
150
100
50
Source: CBO Estimate
1940
0
1944
4
1948
8
1952
2
1956
6
1960
0
1964
4
1968
8
1972
2
1976
6
1980
0
1984
4
1988
8
1992
2
1996
6
2000
0
2004
4
2008
8
2012
2
2016
6
2020
0
2024
4
2028
8
2032
2
2036
6
2040
0
0
* ‐ ‐ Out‐years based on CBO’s Long‐Term Projections
15
More than Doubling the Debt Held by the Public
(in
Billions of Dollars)
(in Billions of Dollars)
18,000
16,000
,
14,000
12,000
10,000
8,000
6,000
4,000
2,000
CBO Estimate
201
19
201
18
201
17
201
16
201
15
201
14
201
13
201
12
201
11
201
10
200
09
200
08
200
07
200
06
200
05
200
04
200
03
200
02
200
01
200
00
0
16
A $2.3 Trillion Higher Deficit
(in Billions of Dollars)
(in Billions of Dollars)
2000
1800
1600
CBO: President’s FY2010 Budget
1400
1200
1000
800
600
400
200
OMB: President’s FY2010 Budget
0
2008
2009
2010
2011
2012
Source: OMB & CBO Estimate
2013
2014
2015
2016
2017
2018
2019
17
Doubling the National Debt
(Billions
of Dollars)
(Billions of Dollars)
25,000
20,000
15,000
10 000
10,000
5,000
OMB Estimate
201
19
201
18
201
17
201
16
201
15
201
14
201
13
201
12
201
11
201
10
200
09
200
08
200
07
200
06
200
05
200
04
200
03
200
02
200
01
200
00
0
18
Raising Taxes to Reduce the Deficit?
(President Obama’s Budget)
‐
=
Payroll Jobs
19
500
300
Pre‐ 2003
Tax Relief
Democrats
Control Congress
Jobs in TThousands
100
‐100
‐300
Post‐ 2003
Tax Relief
‐500
‐700
Standard & Poor’s 500
20
[Stock Price Index]
1650
1550
1450
1350
I
Index
1250
1150
1050
950
850
750
650
Post
9/11
Post ‐ 2003
Tax Relief
Democrats
Control Congress
21
Eliminating Federal Family Education Loan Program
(Job
Losses Impacted by FFELP)
(Job Losses Impacted by FFELP)
AK
AR
CA
CT
DE
GA
IL
KS
LA
Total: ‐30,082 Jobs
MD
MI
MO
MT
ND
NH
NM
NY
OK
PA
SC
TN
UT
VT
WI
0
500
1000
1500
2000
2500
3000
22
$50 Million for the NEA
OR
$50 Million for our Veterans for CBOC Facilities
23
