Federal Budget Thread

[Sam Spade]

In accordance with the GM's warning on the Federal Budget, I am starting a thread here so that we can attack this problem with the utmost urgency.

This has the approval of the PPT of the Senate and is therefore forwarded ahead of other pending legislation to the floor.

If anyone could start off by posting the actual US federal budget details (doesn't have to be ultra-specific) because I really haven't done a good search on them yet, we can add the bills that have already been passed by the Senate and come up to a vote on this measure.

Thank you.

[Gabu]

This page looks like it contains everything you're looking for regarding the latest budget.  The budget itself is the top link.

[The Duke]

Simple Department total will more than suffice.

[Sam Spade]

Well, I guess then I will sometime tomorrow (unless someone else wants to do it), go through the departmental figures and assign each figure to one of the four departments.

Then we need to add on what spending and appropriations bills have been passed in the past through the Senate and then we have our budget.

Fair enough.

[Gabu]

To expedite the second part of the process, here are links to all of the bills in the past that have regulated spending or appropriated money, in descending chronological order:

Water Technology Act
John F. Kennedy Memorial Act
Unwed and Teenage Mothers Protection Act
Second Military Division Appropriation Act
Magnetic Levitation (Mag/Lev) Research Act
First Military Division Appropriation Act
Pacific Defense and Taiwanese Protection Act
Intracoastal and Other Waterways Act
Clean Energy Act
F-22 Act
Education and Care for Children in Poverty Act (implicitly)
Missile Defense Initiative Act
National Energy Act

[Sam Spade]

The Unwed and Teenage Mothers Act was declared unconstitutional in Bono v. Atlasia.

We don't need to include that one.

[Sam Spade]

I might be getting the departments wrong on who to put under the specific appropriations.  Let me know whether I'm right or wrong here.

(Treasury)[/i]
Water Technology Act =
$1,000,000,000 (1 billion) for FY 2006

John F. Kennedy Memorial Act =
$50,000,000 (50 million) for FY 2006, one-time expenditure

Magnetic Levitation (Mag/Lev) Research Act =
$5,000,000 (5 million) for FY 2006 ($100 million over 20 years)

Intracoastal and Other Waterways Act =
$385,000,000 (385 million) for FY 2006

Clean Energy Act
$20,000,000 (20 million) for FY 2006 (clean coal research)
However, the other parts of the bill are sort of vague as to amounts given to the regions to fund clean technology research.

National Energy Act
$1,000,000,000 (1 billion) for FY 2006 (hydrogen cell research)
Other parts are vague.
Federal gasoline tax is cut from 18 cents to 12 cents.
Tax credit of $500 per year to people who install solar panels.
Ethanol tax credit is doubled.

Education and Care for Children in Poverty Act
Projected cost for this was supposed to be $17,650,000,000 (17.65 billion) for FY 2006 in the link.  I assume this is correct.

(Defense)[/i]
Second Military Division Appropriation Act =
$10,000,000,000 (10 billion) for FY 2006 (army division)
I am assuming the $80,000,000,000 (80 billion) for Afghanistan and Iraq affects FY 2005, not FY 2006.
$4,000,000,000 (4 billion) for FY 2006 (increased pay)

First Military Division Appropriation Act =
$10,000,000,000 (10 billion) for FY 2006 (army division)

Pacific Defense and Taiwanese Protection Act =
$720,000,000 (720 million) for FY 2006 (60 million per month)

F-22 Act
$4,500,000,000 (4.5 billion) for FY 2006

Missile Defense Act
$1,000,000,000 (1 billion) for FY 2006
If I have missed any extra spending initiatives within these bills, please tell me.

My total (minus the questions I have above) in terms of additional expenditures comes to:

(Treasury)[/i]
20,290,000,000 (20.29 billion) for FY 2006

(Defense)[/i]
26,220,000,000 (26.22 billion) for FY 2006

[Jake]

Yes, the 80 Billion supplemental was FY 2005.

[The Duke]

Yes, the 80 Billion supplemental was FY 2005.

That should not be added to the budget, since it happenned in real life as well.  Its already included.

[Sam Spade]

King has worked out the federal budget with our various departments and Atlasian additions

Here is a link to the .pdf file.  After the first page, it is just Excel crap.

http://king.serverbob.org/fy2006.pdf

My question for John Ford is:  What is the federal government's projected inlays, so we can figure out our expected budget deficit?

[The Duke]

Q1 growth comes in at 1.7%.

This projects to a GDP of $11.178 trillion dollars by year's end.

Federal taxes have averaged 18% of GDP since 1950.

OMB estimate for 2005 Revenue is $2.012 trillion.

[Sam Spade]

$2.012 trillion is the expected inlay to the Federal Government.

And we have a budget of $2.973 trillion.  So, that means a budget deficit of $965 billion.

Yikes!

We may approve this budget, but either some major league tax increases or major league spending cuts or perhaps both are going to be needed very soon.

Any thought for Senators?  Otherwise, I'll start proposing.

[Sam Spade]

Sorry, my math's wrong here.

$961 billion.

There is probably some stuff in the federal budget for the US that's not applicable here and we can cut that.

Peter's already pointed one out to me.  The Help America Vote Act of 2001, cost 2.8 billion in FY 2006.  I don't think we need that.

http://www.cbo.gov/showdoc.cfm?index=3208&sequence=0

I would also propose eliminating the Education and Care for Children in Poverty Act to free up another $200 billion or so over the next ten years, but that'll probably raise some fights with others, anyway.

Any other suggestions.

[The Duke]

How is the budget $2.9 trillion?  It should be closer to $2.6 trillion.

[The Duke]

King's math has to be wrong, we're basing this off the national budget but his section of what should eb the national budget is off by about $350 billion.

[Sam Spade]

ok, well then I'll just have to figure it out more accurately when I have the time.

$600 billion is certainly better than $961 billion, though it still isn't that great.

[Peter]

http://www.whitehouse.gov/omb/budget/fy2006/other.html

Federal Election Commission - $54.6 million
National Archives and Records Administration - $314 million

Neither of those would exist in Atlasia so they can easily be abolished.

[The Duke]

Number for cabinet departments IRL.

HHS- 571 b
Defense- 402 b
Treasury- 396 b
Agriculture- 83 b
Education- 66 b
Vets Affairs- 65 b
Transportation- 58 b
Labor- 57 b
HUD- 34 b
Homeland Sec- 31 b
Energy- 22 b
Justice- 22 b
Interior- 11 b
State- 10 b
Commerce- 6 b

It should be noted that miscellaneous agencies are not listed.  I presume USAID is not included in State budget.

All data used here came from:

http://www.whitehouse.gov/omb/budget/fy2005/fpaa.html

Data for major miscellaneous agencies, including Social Security, can also be found here.

Hope this helps.

[King]

I got all my numbers off this page:

http://www.whitehouse.gov/omb/budget/fy2005/budget.html


Don't understand why they are different...

[The Duke]

I got all my numbers off this page:

http://www.whitehouse.gov/omb/budget/fy2005/budget.html


Don't understand why they are different...

Did you use the 2005 numbers or the 2009 numbers?

[King]

I got all my numbers off this page:

http://www.whitehouse.gov/omb/budget/fy2005/budget.html


Don't understand why they are different...

Did you use the 2005 numbers or the 2009 numbers?

2005

[Sam Spade]

According to my reading of this, the Federal Budget should be roughly about 2.4 Trillion, though that doesn't sound exactly right to me also.

[The Duke]

According to my reading of this, the Federal Budget should be roughly about 2.4 Trillion, though that doesn't sound exactly right to me also.

That should be very close to the right number.

[Sam Spade]

According to my reading of this, the Federal Budget should be roughly about 2.4 Trillion, though that doesn't sound exactly right to me also.

That should be very close to the right number.

ok, well then I'll try and put something together to vote on.  Might not be till next week, though, as I am eternally busy right now.

[King]

I see where I went wrong...eliminate the Outlays and you get that on my budget 2.4-2.5 trillion...