2009-03-18

More interesting US Budget information

Some more stats for you, courtesy of "Historical Tables of the FY 2009 Budget":

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2001 Budget Outlay (M$): $1,863,190 (18.5% of GDP)

2008 Budget Outlay (M$): $2,931,222 (20.0% of GDP)

Increase in budget during Bush's term of office ($M): $1,068,032.

Percent increase in Federal Spending during Bush's term of office: 57.32%


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1993 Budget Outlay ($M): $1,409,522 (21.4% of GDP)

2000 Budget Outlay ($M): $1,789,216 (18.4% of GDP)

Increase in Budget during Clinton's term of office ($M): $379,694

Percent increase in Federal Spending during Clinton's term of office: 26.94%

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1989 Budget Outlay ($M): $1,143,829 (21.2% of GDP)

1992 Budget Outlay ($M): $1,381,649 (22.1% of GDP)

Increase in Budget during GHW Bush's term of office ($M): $237,820

Percent increase in Federal Spending during GHW Bush's term of office: 20.79% (4 years)

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1981 Budget Outlay ($M): 678,241 (22.2% of GDP)

1988 Budget Outlay ($M): 1,064,481 (21.3% of GDP)

Increase in Budget during Reagan's term of office ($M): $386,240

Percent increase in Federal Spending during Reagan's term of office: 56.95%

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1977 Budget Outlay ($M): 409,218 (20.7% of GDP)

1980 Budget Outlay ($M): 590,941 (21.7% of GDP)

Increase in Budget during Carter's term of office ($M): $181,723

Percent increase in Federal Spending during Carter's term of office: 44.41% (4 years)

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Conclusions:
  • All Presidents ended their term with budgets bigger than when they started.
  • The President that oversaw most significant reduction of federal spending (as a percentage of GDP) was Clinton, who reduced spending from 21.4% of GDP to 18.4% of GDP.
  • The President that oversaw the most significant increase of federal spending (as a percentage of GDP) was George W. Bush, who increased spending from 18.5% of GDP to 20.0% of GDP.

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