2007 United States Federal Budget
| ‹ 2006 2008 › | |
| Submitted by | George W. Bush |
|---|---|
| Submitted to | 109th Congress |
| Total revenue | $2.57 trillion |
| Total expenditures | $2.73 trillion |
| Deficit | $161 billion |
| Debt | $8.95 trillion |
| Website | http://www.cbo.gov/doc.cfm?index=10014 Congressional Budget Office |
The budget of the United States government for fiscal year 2007 was produced through a budget process involving both the legislative and executive branches of the federal government. While the Congress has the constitutional "power of the purse," the President and his appointees play a major role in budget deliberations. Since 1976, the federal fiscal year has started on October 1 of each year.
Read more about 2007 United States Federal Budget: Total Receipts, Total Spending, 2009 Total Military Budget
Famous quotes containing the words united, states, federal and/or budget:
“In no other country in the world is the love of property keener or more alert than in the United States, and nowhere else does the majority display less inclination toward doctrines which in any way threaten the way property is owned.”
—Alexis de Tocqueville (1805–1859)
“With steady eye on the real issue, let us reinaugurate the good old “central ideas” of the Republic. We can do it. The human heart is with us—God is with us. We shall again be able not to declare, that “all States as States, are equal,” nor yet that “all citizens as citizens are equal,” but to renew the broader, better declaration, including both these and much more, that “all men are created equal.””
—Abraham Lincoln (1809–1865)
“Prestige is the shadow of money and power. Where these are, there it is. Like the national market for soap or automobiles and the enlarged arena of federal power, the national cash-in area for prestige has grown, slowly being consolidated into a truly national system.”
—C. Wright Mills (1916–1962)
“You can fool all the people all the time if the advertising is right and the budget is big enough.”
—Joseph E. Levine (b. 1905)