$4 Trillion Federal Budget

Budget Outlays 1980-2016

A few days ago President Obama presented his $4 trillion budget for FY 2016. OK, the actual amount was $3.999 trillion. But, let’s go ahead and call it $4 trillion. The projected deficit is $474 billion (revenues – expenses). That means we are overspending $1.3 billion every day, $9.1 billion every week and just under $40 billion every month. The federal government will add another $474 billion to our current national debt of $18.1 trillion as of February 1, 2015.

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