The document shows historical data on US federal tax receipts, spending, deficits, and debt from 1992-2019, projecting increases over time. It predicts that based on annual increases in government outlays, the US will see a 57% rise in federal income taxes and a 167% increase in accumulated federal debt by 2020. The data illustrates growing deficits and debt as a percentage of GDP if spending increases 4% annually while tax revenues only grow 5%.

1. FEDERAL FINANCE (OUR CHILDREN'S AND GRANDCHILDREN'S FUTURE)
Federal Receipts, Outlays and Debt
In the fourth month of fiscal 2009, there was a deficit of $569 billion, compared with a deficit of $89 billion a year earlier.
According to historical annual increases in Government outlays, our country will experience a 57% increase in Federal Income Taxes. And a
increase of 167% in our Accumulated Federal Debt by the year 2020.
Federal Increase/ Government Increase in Surplus/ Federal Increase/
Tax Receipts decrease Spending Government Deficit Debt Decrease
Outlays Spending
1992 $1,091 $1,381 ‐$290 $4,001
1993 CLINTON $1,154 5.46% $1,409 1.99% ‐$255 $4,351 8.04%
1994 CLINTON $1,258 8.27% $1,461 3.56% ‐$203 $4,643 6.29%
1995 CLINTON $1,351 6.88% $1,515 3.56% ‐$164 $4,920 5.63%
1996 CLINTON $1,453 7.02% $1,560 2.88% ‐$107 $5,181 5.04%
1997 CLINTON $1,579
$1 579 7.98%
7 98% $1,601
$1 601 2.56%
2 56% ‐$22 $5,369
$5 369 3.50%
3 50%
1998 CLINTON $1,722 8.30% $1,652 3.09% $70 $5,478 1.99%
1999 CLINTON $1,827 5.75% $1,702 2.94% $125 $5,605 2.27%
2000 CLINTON $2,025 9.78% $1,789 4.86% $236 $5,628 0.41%
2001 BUSH $1,991 ‐1.71% $1,863 3.97% $128 $5,769 2.44%
2002 BUSH $1,853 ‐7.45% $2,011 7.36% ‐$158 $6,198 6.92%
2003 BUSH $1,782 ‐3.98% $2,160 6.90% ‐$378 $6,760 8.31%
2004 BUSH $1,880 5.21% $2,293 5.80% ‐$413 $7,354 8.08%
2005 BUSH $2,153 12.68% $2,472 7.24% ‐$319 $7,905 6.97%
2006 BUSH $2,407 10.55% $2,655 6.89% ‐$248 $8,451 6.46%
2007 BUSH $2,568 6.27% $2,730 2.75% ‐$162 $8,950 5.58%
2008 BUSH $2,524 ‐1.74% $2,982 8.45% ‐$458 $9,985 10.37%
2009 OBAMA $2,186 ‐15.46% $3,938 24.28% ‐$1,752 $12,704 21.40%
2010 OBAMA $2,186
$2 186 0.00%
0 00% $3,938
$3 938 0.00%
0 00% ‐$1,752
$1 752 $14,456
$14 456 12.12%
12 12%
2011 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $16,208 10.81%
2012 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $17,960 9.76%
2013 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $19,712 8.89%
2014 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $21,464 8.16%
2015 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $23,216 7.55%
2016 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $24,968 7.02%
2017 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $26,720 6.56%
2018 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $28,472 6.15%
2019 OBAMA $2,186 0.00% $3,938 0.00% ‐$1,752 $30,224 5.80%
7%

2. United States Federal, State and Local Government Spending
Fiscal Year 2009
Fiscal Year 2009 GDP: $14,291.0 billion(1)
GDP: $14,291.0 billion(1)
Amounts in $ billion
rate of tax increase 5%
rate of increase (Gov. Spending) 4%
YEAR
Government Expense 2009 2010 2011 2012 2013 2014 2015
Social Security $712 $740 $770 $801 $833 $866 $901
Medicare $724 $753 $783 $814 $847 $881 $916
Education $99 $103 $107 $111 $116 $120 $125
Defense $819 $852 $886 $921 $958 $996 $1,036
Welfare $283 $294 $306 $318 $331 $344 $358
Protection $51 $53 $55 $57 $60 $62 $65
Transportation $83 $86 $90 $93 $97 $101 $105
General Government
General Government $23 $24 $25 $26 $27 $28 $29
Other Spending $976 $300 $312 $324 $337 $351 $365
BAILOUT MONEY ACCUM $1,276 $1,588 $1,912 $2,250 $2,601 $2,966
Interest on our National Debt $168 $175 $182 $189 $197 $204 $213
Annual Government Spending $3,938 $3,380 $3,516 $3,656 $3,803 $3,955 $4,113
$2,186 $2,295 $2,410 $2,531 $2,657 $2,790 $2,929
2009 Fed. Tax Revenue
$1,752 $1,085 $1,106 $1,126 $1,145 $1,165 $1,183
Annual Federal Deficit
$12,704 $13,789 $14,895 $16,021 $17,166 $18,331 $19,514
Accumulated Federal Debt
2% $14,291 $14,577 $14,868 $15,166 $15,469 $15,778 $16,094
GDP Growth
Federal Debt as %
89% 95% 100% 106% 111% 116% 121%
of GDP
of GDP
©Bruce Kaufman