Budget Blues

Federal revenues have been declining as a share of the economy. They are now at their lowest point since 1959. They are now 16.8 percent of the Gross Domestic Product, down from 21 percent in 2000. The average from 1962 to 2001 was 16.8 percent.

49 percent of the budget deficit in 2005 was caused by tax cuts.

More federal spending did add to the deficit. But from 2001-2005, 72 percent of the federal spending increases that were enacted came from defense, homeland security and international affairs.

Source: Coalition on Human Needs

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