http://www.marketwatch.com/story/3-big-myths-about-the-us-debt-crisis-2011-09-09?pagenumber=13 big myths about the U.S. debt crisis
Commentary: The truth about spending, revenue and entitlements
Fiscal year | Federal tax receipts ($ billions) |
Federal tax receipts (% of GDP) |
Federal spending ($ billions) |
Federal spending (% of GDP) |
Federal deficit ($ billions) | Federal deficit (% of GDP) |
2006 | 2,406.9 | 18.2 | 2,655.1 | 20.1 | 248.2 | 1.9 |
2007 | 2,568.0 | 18.5 | 2,728.7 | 19.6 | 160.7 | 1.2 |
2008 | 2,524.0 | 17.5 | 2,982.6 | 20.7 | 458.6 | 3.2 |
2009 | 2,105.0 | 14.9 | 3,517.7 | 25.0 | 1,412.7 | 10.0 |
2010* | 2,162.7 | 14.9 | 3,456.2 | 23.8 | 1,293.5 | 8.9 |
2011 (estimate)* | 2,314.0 | 15.5 | 3,630.0 | 24.3 | 1,316.0 | 8.8 |