With projected receipts less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately $400 billion dollars, adding to a United States governmental debt of about $11.4 trillion. Actual tax receipts totaled approximately $2.1 trillion - significantly less than the $2.7 trillion expected. The actual deficit in 2009 was $1.4 trillion.[1]
The President's budget for 2008 totals $2.9 trillion.
With projected receipts significantly less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately 240 billion dollars, adding to a United States governmental debt of about $10.8 trillion.
2006 · · 2008 › Submitted by George W. Bush Submitted to 109th Congress Total revenue $2.57 trillion Total expenditures $2.73 trillion Deficit $161 billion Debt $8.95 trillion
2005 · · 2007 › Submitted by George W. Bush Submitted to 108th Congress Party Republican Party Total revenue $2.41 trillion Total expenditures $2.66 trillion Tax cuts Yes Debt payment No Deficit $248.2 billion Debt $ 8.45 trillion
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President Barack Obama with OMB Director Peter Orszag. Submitted February 2009 Submitted by Barack Obama Submitted to 111th Congress Passed Passed [1] Total revenue $2.381 trillion (estimated) Total expenditures $3.552 trillion (estimated) Deficit $1.171 trillion (estimated) Debt $14.078 trillion (estimated)
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