Carolyn Federoff, Executive Vice President, AFGE Council 222

AFGECouncil222.com

Spending and revenue graphics atwww.cbo.gov/ftpdocs/125xx/doc12577/budgetinfographic.htm

2011 FEDERAL BUDGET

$2.3 trillion $1.3 trillion

www.usa.gov/Agencies/Federal/Independent.shtml#

2011 FEDERAL BUDGET

$2.3 trillion $1.047 trillion

Independent Agencies and Government Corporations

• AMTRAK (National Railroad Passenger Corporation• Central Intelligence Agency (CIA)• Environmental Protection Agency (EPA)• Equal Employment Opportunity Commission (EEOC)• Federal Deposit Insurance Corporation (FDIC)• General Services Administration (GSA)• National Aeronautics and Space Administration (NASA)• National Labor Relations Board (NLRB)• National Endowment for the Arts• National Endowment for the Humanities• Nuclear Regulatory Commission (NRC)• Office of Personnel Management • Peace Corps• Securities and Exchange Commission (SEC)• Small Business Administration (SBA)• Tennessee Valley Authority and more!

2011 FEDERAL BUDGET

$2.3 trillion $899.168 billion

2011 FEDERAL BUDGET

$2.3 trillion $822.65 billion

2011 FEDERAL BUDGET

$2.3 trillion $791.473 billion

2011 FEDERAL BUDGET

$2.3 trillion $738.786 billion

2011 FEDERAL BUDGET

$2.3 trillion $589.311 billion

2011 FEDERAL BUDGET

$2.3 trillion $576.932 billion

2011 FEDERAL BUDGET

$2.3 trillion $521.054 billion

2011 FEDERAL BUDGET

$2.3 trillion $471.967 billion

2011 FEDERAL BUDGET

$2.3 trillion $418.587 billion

2011 FEDERAL BUDGET

$2.3 trillion $275.294 billion

2011 FEDERAL BUDGET

$2.3 trillion $245.606 billion

2011 FEDERAL BUDGET

$2.3 trillion $212.958 billion

2011 FEDERAL BUDGET

$2.3 trillion $200.086 billion

2011 FEDERAL BUDGET

$2.3 trillion $187.937 billion

2011 FEDERAL BUDGET

$2.3 trillion

Wages vs. Benefits for Retirees in 2010

Low Medium High Maximum $-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

past earningsbenefits

Source: Center on Budget and Policy Priorities, based on Social Security Administration, 2010 Trustees Report at Table VI.F10

Most elderly rely on Social Security for the majority of their income

Series1

0% 10% 20% 30% 40% 50% 60%

more than 50% of incomemore than 90% of income100% of income

Source: Center on Budget and Policy Priorities,based on Social Security Administration, 2008 data

How big is the United States?

• 5175 public airports

• 787 million passengers

Source: Research and Innovative Technology Administration, Bureau of Transportation Statistics at http://www.bts.gov/publications/national_transportation_statistics/html/table_01_03.html and

http://www.bts.gov/press_releases/2011/bts017_11/html/bts017_11.html

How big is the United States?

• 528 ports• 3700 cargo and passenger

terminals• 6000 commercial ships• 60,000 port calls

• 9 million cargo containers

Source: Congressional Research Service, “Port and Maritime Security” (May 27, 2005) pp 2, 3

How big is the United States?

• 13 million truck and rail cars crossing the Canadian and Mexican borders annually

Source: Congressional Research Service, “Port and Maritime Security” (May 27, 2005) p 3

How big is the United States?

2016 :>51,000US foodfacilities

+15,000foreignfood facilities

< 3000FDAInspectors

Source: Department of Health and Human Services, Office of Inspector General, “FDA Inspections of Domestic Food Facilities” (April 2010) p ii and 3; and U.S. Food and Drug Administration, “Pathway to Global Product Safety and Quality,” p 3.

How big is the United States?

7.5 millionworkplaces : 1100 OSHA

Inspectors

5 millionVeterans

24 millionVeterans

Sources: Council of State and Territorial Epidemiologists at http://www.cste.org/dnn/ProgramsandActivities/OccupationalHealth/OccupationalHeal

thIndicators/Indicator18/tabid/114/Default.aspx; and Congressional Budget Office, “The Health Care System for Veterans,” p. 1 (numbers for 2006)

How big is the United States?

10,000 filefor SocialSecuritybenefits

16,000 receive newSocial Security cards

33,000receivereplacementcards

Every Day

Source: SSA, “Annual Performance Plan for FY 2011 and Revised Final Performance Plan for FY 2010” at pp 31 and 39.

US Population Growth 1960-2010

0

50

100

150

200

250

300

350

1960 1970 1980 1990 2000 2010

US Population

Source: U.S. Census Bureau, “Resident Population Data” at http://2010.consus.gov/2010densus/data/apportionment-pop-text.php

In 1960. . .

In 1960 . . .

Federal Employees:US Residents

1960 – 1:992010 – 1:147

2 out of 3 work in Defense, Homeland Security, Veteran’s Affairs and Justice

Source: Office of Personnel Management at http://www.opm.gov/feddata/HistoricalTables/ExecutiveBranchSince1940.asp and National Active and Retired Federal Employees Association (NARFE)

Source: Tax Policy Center

Comparison of spending to current and projected revenues

2011 Spending

2011 Revenues

Romney plan

reve

nues 2015

Gingrich

plan re

venues 2

015

Santo

rum plan

reve

nues 2015

0500

1000150020002500300035004000

RevenuesDiscretionary: Nonde-fenseDiscretionary: DefenseMandatory Spending

Where’s the Revenue?

2011 Deficit

possible revenue

0 200 400 600 800 1000 1200 1400

Iraq/Afg 20112011 Deficit

Source: Congressional Research Service, “The Cost of Iraq, Afghanistan . . .” (March 29, 2011) p. 34

Where’s the Revenue

2011 Deficit

possible revenue

0 200 400 600 800 1000 1200 1400

Iraq/Afg 2011 ($159B)2011 Deficit (1300B)Bush Tax Cuts ($402B)

Source: Center on Budget and Policy Priorities, “Economic Downturn and Bush Policies . . .” (May 10, 2011) Table 1, 2013 estimated value

Where’s the Revenue?

2011 Deficit

possible revenue

0 200 400 600 800 100012001400

Iraq/Afg 2011 ($159B)2011 Deficit (1300B)Bush Tax Cuts ($402B)establish Financial Transaction tax ($177B)

Source: Center for Economic and Policy Research, “The Potential Revenue from Financial Transactions Taxes” (December 2009) Table 1

Where’s the Revenue?

2011 Deficit

possible revenue

0 200 400 600 800 100012001400

Iraq/Afg 2011 ($159B)2011 Deficit (1300B)Bush Tax Cuts ($402B)establish Financial Transaction tax ($177B)tax Capital Gains as Or-dinary Income ($88B)

Source: Tax Policy Center, estimate for 2013, at http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=1616

Where’s the Revenue?

2011 Deficit

possible revenue

0 200 400 600 800 100012001400

Iraq/Afg 2011 ($159B)2011 Deficit (1300B)Bush Tax Cuts ($402B)establish Financial Transaction tax ($177B)tax Capital Gains as Or-dinary Income ($88B)adopt $3.5M Estate tax ($21.8B)

Source: Tax Policy Center , estimate for 2013, at http://www.taxpolicycenter.org/numbers/displayatab.cfm?DocID=2491

Where’s the Revenue?

2011 Deficit

possible revenue

0 200 400 600 800 100012001400

Iraq/Afg 2011 ($159B)

2011 Deficit ($1300B)

Bush Tax Cuts ($402B)

establish Financial Transaction tax ($177B)

tax Capital Gains as Or-dinary Income ($88B)

adopt $3.5M Estate tax ($21.8B)

put people back to work ($318B)

Source: Center on Budget and Policy Priorities, “Economic Downturn and Bush Policies . . .” (May 10, 2011) Table 1, 2013 estimated value

Save Social Security—Scrap the Cap!

Earnings $-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

2012 Cap

Source: SSA Annual Statistical Supplement, 2010, Table 4.B4

What do we have?

What do we have?

Big country Modest sized

government Small tax burden

The reckless aughts gave usMassive tax cutsUnfunded warsWall Street speculators

What do we need?

Wind down the warEliminate the Bush Tax

cutsRaise taxes on the 1%Put people back to workSave Social Security—

Scrap the cap