Current Budget Statistics

Budget Statistics at a Glance

Budget Surplus or Deficit:
Fiscal Year 2001: surplus of $128 billion
Fiscal Year 2007 as projected in 2001: surplus of $573 billion
Fiscal Year 2007 (actual): deficit of $163 billion
Fiscal Year 2008 projected in the Administration's current budget: deficit of $407 Billion

Debt:
Debt Held by the Public in January 2001: $3.4 Trillion
Debt Held by the Public in January 2008: $5.1 Trillion
Debt Subject to Limit in January 2008: $9.2 Trillion
Debt Subject to Limit in January 2001: $5.6 Trillion

Foreign-Held Debt:
Foreign Held Debt: $2.4 trillion - more than twice its level in 2001
More than 80 cents of every dollar of new debt is bought by foreign investors

Interest on National Debt:
Fiscal Year 2007 Debt Service as projected in 2001: $72 Billion
Fiscal Year 2007 Debt Service (actual): $237 Billion

Tax Cuts:
Cost of Administration's proposed tax cuts over the next ten years: $3 Trillion

Jobs:
Jobs Growth under Clinton: 237,000 new jobs per month
Jobs Growth under Bush: 58,100 new jobs per month -- less than half the growth necessary to keep pace with growth in the labor force
Over 3 million manufacturing jobs have been lost since January 2001

Median Family Income:
Median Family Income (2006): $48,201 per year
Change since 2000: -$962 in real terms

Poverty:
Number of people in poverty: 36.5 million, or 12.3%
Number of children in poverty: 12.8 million, or 17.4%
Nearly 5 million more people were living in poverty in 2006 than in 2000

Information current as of March 27, 2008