2010: the year in numbers
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You know we have a spending problem, but you don’t have the numbers. Fortunately, we’ve compiled a just-the-facts guide to government overspending in 2010.
23.8 PERCENT: Amount of the economy federal government spending consumed this year.
19.5 PERCENT: Average amount federal spending consumed between 1950 and 2007.
$1.29 TRILLION: Fiscal Year 2010 budget deficit.
26: Number of consecutive months the federal government has run a deficit.
$291 BILLION: Deficit for October and November 2010 (the first two months of fiscal year 2011).
12 PERCENT, or more than $1.5 TRILLION: Amount added to the federal debt this year.
$12.3 TRILLION: Total national debt at the end of December 2009.
$13.87 TRILLION: Total national debt as of December 20, 2010.
$14.9 TRILLION: Amount to which voted to Congress raise the nation’s debt limit.
$414 BILLION: Amount of interest paid on the national debt in fiscal year 2010.
0: Number of individual appropriations bills passed by Congress this year.
4: Number of continuing appropriations bills Congress has had to pass to keep the federal government running.
1: Number of times the U.S. House has failed to pass a budget in the modern budgeting era. This year was the first time.
40 PERCENT: Amount of the funding in the 2009 stimulus package for grants, loans and contracts that has yet to be given out.
2.6 PERCENT: Estimated economic growth for the third quarter (latest data available).
1.7 PERCENT: Estimated economic growth for second quarter.
3.7 PERCENT: Estimated economic growth for first quarter.
9.66 PERCENT: Average unemployment rate (January – November 2010).
9.7 PERCENT: Unemployment rate in January 2010.
9.8 PERCENT: Unemployment rate in November 2010 (latest data available).
1960s: According to Bloomberg no Congress since the Great Society has made so many laws affecting the American people.
13 PERCENT: Congress’s approval rating at year end – the lowest ever in the Gallup poll.