Friday, February 13, 2009

CBO est of Increase in Federal Deficit caused by

the "stimulus." Their estimate: $787.2 billion MORE debt will be incurred over the next 10 years...and, of course, their estimate doesn't account for the hugely depressing effect all this new borrowing will have on the economy by crowding out private borrowing.

And, in addition, Congress will be running their normal multi 100 billion dollar budget deficits.

Link

By Fiscal Year, in Billions of Dollars

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2009-

2019

DIVISION A—APPROPRIATIONS a

Estimated Budget Authority

288.7

7.1

4.6

3.6

2.5

1.1

1.1

1.1

1.1

0.5

0

311.2

Estimated Outlays

34.8

110.7

76.3

38.1

22.9

12.8

7.0

3.1

1.6

0.8

0.1

308.3

DIVISION A—REVENUES

Estimated Revenues

*

*

*

*

*

*

*

*

*

*

*

-0.1

DIVISION B—DIRECT SPENDING

Estimated Budget Authority

90.3

107.6

49.0

7.6

7.3

15.1

4.7

-4.7

-4.1

-1.9

-1.4

269.5

Estimated Outlays

85.3

108.6

49.9

8.1

7.4

15.1

4.7

-4.7

-4.1

-1.9

-1.4

267.0

DIVISION B—REVENUES

Estimated Revenues

-64.8

-180.1

-8.2

10.0

2.7

5.5

7.1

5.8

5.1

5.0

0.1

-211.8

NET IMPACT ON THE DEFICIT

Net Increase or Decrease (-)

in the Deficit

184.9

399.4

134.4

36.1

27.6

22.4

4.7

-7.3

-7.5

-6.1

-1.4

787.2