Bush's $2.77 Trillion Budget

Bush submitted a $2.77 trillion budget plan to Congress today That's what Bush proposes for FY07. Here's what's projected to occur this year; In the budget period that we are currently in, FY06, it is projected that Bush will spend $2.71 trillion. Projected revenue is $2.29 trillion creating a projected deficit for the year to be $423 billion, another Bush record. When Bill Clinton left office in 2001, the FY01 federal spending totaled, $1.86 trillion. Revenue for FY01 was $1.99 trillion, resulting in a federal surplus for 2001, of $128 billion. A few things to ponder...Since Bill Clinton left office five budgets ago, federal revenue has increased 15%. Federal spending in that same period has increased 46%. And the difference between a surplus of a $128 billion and a deficit of $423 billion, or $551 billion, is a lot of money. And, the $551 billion is a yearly difference not the total difference between the two administrations, so multiply by five years ($2.5 trillion) to get the real effect of what Bush and the Republicans have cost you. SmartMoney