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Obama Kool-Aid Brigade Projects A 50% Pick Up In Revenue In 2 Years

02-14-2011 • ZeroHedge.com

What is unclear is whether the Treasury counts as revenues the interest payments remitted back to Geithner by the Fed on the trillions in monetized debt. In other words, the more debt monetized, the stronger the "revenues!" For a full cheat sheet, see below. From the WSJ: FY 2011 projected revenue: $2.174 Trillion FY 2011 projected spending: $3.819 Trillion FY 2011 projected deficit: $1.645 Trillion Spending as a % of GDP: 25.3% Deficit as a % of GDP: 10.9% FY 2012 projected revenue: $2.627 Trillion FY 2012 projected spending: $3.729 Trillion FY 2012 projected deficit: $1.101 Trillion Spending as a % of GDP: 23.6% Deficit as a % of GDP: 7.0% FY 2013 projected revenue: $3.003 Trillion FY 2013 projected spending: $3.771 Trillion FY 2013 projected deficit: $768 Billion Spending as a % of GDP: 22.5% Deficit as a % of GDP: 4.6% FY 2014 projected revenue: $3.333 Trillion FY 2014 projected spending $3.977 Trillion FY 2014 projected deficit: $645 Billion Spending as a % of GDP: 22.4% Deficit as a % of GDP: 3.6% FY 2015 projected revenue: $3.583 Trillion FY 2015 projected spending: $4.190 Trillion FY 2015 projected deficit: $607 Billion Spending as a % of GDP: 22.3% Deficit as a % of GDP: 3.2%