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U.S. Federal Government Budget Over Time
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So What?
1) This chart was created from historical tables included in the U.S. Federal Government fiscal year 2010 budget. The federal
government adjusted its fiscal year one calendar quarter (3 months) during 1976, creating a 'transition quarter,' which has been
neglected in this chart.
2) The chart shows the total federal budget, or how much it spent during each fiscal year from 1962 to 2008, with projections
through 2014.
3) The line with blue circles shows the budget in current dollars, neglecting inflation. Inflation reduces the buying power of the
dollar over time.
4) The line with purple triangles shows the budget adjusted for inflation, where the data has been scaled to the constant dollar
value during fiscal year 2000. Inflation-adjusted values are also referred to as 'real' values.
5) Inflation values used to calculate the inflation-adjusted debt were also collected from historical tables included in the fiscal
2010 U.S. Federal Government budget.
6) From the inflation-adjusted budget data, one can see that the real spending has grown steadily during this time period, and
accelerated since the year 2000.
7) The growth in current dollar spending is planned to skyrocket from $3,000 billion to $4,000 billion in 2009, then drop back
down to $3,600 billion in 2010 and return to normal growth levels by 2013.
8) This chart doesn't tell us anything about the spending relative to the size of the population. See graph of U.S. Federal
Government Budget per Resident Over Time.
9) Thie chart doesn't tell us anything about the spending relative to the size of the economy, or Gross Domestic Product (GDP).
See graph of U.S. Federal Government Budget as a Percent of Gross Domestic Product (GDP) Over Time.
1) This chart was created from historical tables included in the U.S. Federal Government fiscal year 2010 budget. The federal
government adjusted its fiscal year one calendar quarter (3 months) during 1976, creating a 'transition quarter,' which has been
neglected in this chart.
2) The chart shows the total federal budget, or how much it spent during each fiscal year from 1962 to 2008, with projections
through 2014.
3) The line with blue circles shows the budget in current dollars, neglecting inflation. Inflation reduces the buying power of the
dollar over time.
4) The line with purple triangles shows the budget adjusted for inflation, where the data has been scaled to the constant dollar
value during fiscal year 2000. Inflation-adjusted values are also referred to as 'real' values.
5) Inflation values used to calculate the inflation-adjusted debt were also collected from historical tables included in the fiscal
2010 U.S. Federal Government budget.
6) From the inflation-adjusted budget data, one can see that the real spending has grown steadily during this time period, and
accelerated since the year 2000.
7) The growth in current dollar spending is planned to skyrocket from $3,000 billion to $4,000 billion in 2009, then drop back
down to $3,600 billion in 2010 and return to normal growth levels by 2013.
8) This chart doesn't tell us anything about the spending relative to the size of the population. See graph of U.S. Federal
Government Budget per Resident Over Time.
9) Thie chart doesn't tell us anything about the spending relative to the size of the economy, or Gross Domestic Product (GDP).
See graph of U.S. Federal Government Budget as a Percent of Gross Domestic Product (GDP) Over Time.
Supporting Evidence
Source: Current Dollar Budget: Budget of the U.S. Government, FY2010 Historical Tables, Table 4.1-Outlays by Agency 1962-2014
Dollar Deflater: Budget of the U.S. Government, FY2010 Historical Tables, Table 10.1-Gross Domestic Product and Deflators Used in the
Historical Tables: 1940-2014
Dollar Deflater: Budget of the U.S. Government, FY2010 Historical Tables, Table 10.1-Gross Domestic Product and Deflators Used in the
Historical Tables: 1940-2014
w o r t h a t h o u s a n d w o r d s™
