Oct 18
While parts 1, 2, and 3 of this series are a start, there is still a lot left to understand about the Federal budget. To start:
- How do the numbers look adjusted for inflation? As a percentage of GDP?
- What was the actual source of new revenues? New spending?
- If the unified budget deficit was $247.7 billion and the on-budget budget deficit was $434.0 billion, why did the total national debt increase by $574.2 billion from 9/30/2005 to 9/29/2006? Where did the extra intragovernmental debt holdings come from?
- How are the revenue and spending numbers likely to change in the future? How will we deal with these changes?
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