Sunday, July 25, 2010

My revised budget projection

This basically takes the latest OMB numbers and combines them with a previous projection that I made which is based partly on CBO numbers.

The mighty Obama has commanded the recession to be over and for the budget deficit to be cut in half overnight, but cynic that I am, I doubt some of his powers and am projecting what I see as more realistic numbers. I don't think it makes sense to extrapolate this any further because of all the unknowns but I think it would reach the tipping point about 2028.

Category/Year20092010201120122013201420152016
Revenue21052132242627282948316032543383
Mandatory21122041218621122176237124912649
Discretionary12191377143314431487153215781625
Interest187185221294385480554617
Total Spending35183603384038494048438346234891
Deficit-1413-1471-1414-1121-1100-1223-1369-1508
Debt held by public75529023104371155812658138811525016758
GDP1430014600149001550016200169001740017900
Debt %53%62%70%75%78%82%88%94%

Update 6/19/2012:  I label this B-2.  This is eerily accurate so far, two years later.

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