As we know, the government is running huge budget deficits right now. The government has been running a deficit every year for the last several years. Most graphs showing the current deficits are like the one below. For each year they just take the total outlays and subtract total receipts because this is the . . . → Read More: Our “True” Budget Deficit Problem (It can no longer hide)
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So I looked into why the “Net Interest” Category of federal spending skyrockets when including only on-budget items. There are only two accounts that are marked as being “off-budget” and both bring in money to the federal government. They are “FOASI, Interest Received by Trust Funds” and “FDI, Interest Received by Trust Funds”. Together, . . . → Read More: Social Security Trust Funds Hide true debt\deficit Looking at the Outlays by Function graph, one can see a high level view of where the money goes that the federal government spends. However, it’s always easier to analyze data visual than to just look at raw numbers, so I created some charts for myself to look at.
. . . → Read More: Where our Federal Tax Dollars Go The public budget database I found yesterday was great. However, being a novice at this, there were a couple columns of information I didn’t understand. Those two columns were labeled Grant/non-grant split and On- or off-budget. What are those and what do their options mean? I went in search of an answer to this question . . . → Read More: U.S. Budget Concepts: Grants, on\off budget, and non-budgetary |
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