Here are the U.S. Treasury Dept’s numbers:
Item… Fiscal Year 2009 …Fiscal Year 2010
Revenues …$ 2104 billion …$ 2102 Billion
Expenses …$ 3520 Billion …$ 3456 Billion
Deficit …$1416 Billion …$1294 Billion
So, to balance the budget, we have got to cut about $1300 Billion
Michele Bachmann has identified one item to cut, so far, for $105 billion
Need to find another $1200 Billion in cuts.
How much in cuts have the other politicians suggested?
The politicians don’t actually tell you the actual revenues and proposed spending (budget)
They complain about what percent here or there.
But rarely tell you the actuals.
So we don’t actually have the actuals for FY 2011 or even part of the fiscal year.
We need to write in the proposed budget for FY2011. The problem is the Congress is REQUIRED to submit an approved budget by October or so of 2010 and they didn’ t do it.
So the government is getting by on a month to month basis with what they call continuing resolutions.
If you visit Yahoo Finance and look up the financials for any corporation, they have three pages for each … income/expenses; balance sheet [assets and liabilities/ debt]; cash flow
And Yahoo has it for each public corporation for three years of history, by year and by quarter.
And if you get the company’s annual report you might find as much as 10-years data.
BUT, you won’t find ANY of the actual revenues and spending for any government … not for states, not for cities, not for Federal.
You should be able to type in the zip code or postal abbreviation and get all of that data with one click of the keyboard.
Here are the data for GE
finance.yahoo.com/q/is?s=GE&annual
Why can’t you get the data for NYC or NYS or USA?