About the Blog

I shall post videos, graphs, news stories, and other material. We shall use some of this material in class, and you may review the rest at your convenience. I encourage you to use the blog in these ways:

--To post questions or comments about the readings before we discuss them in class;
--To follow up on class discussions with additional comments or questions.
--To post relevant news items or videos.

There are only two major limitations: no coarse language, and no derogatory comments about people at the Claremont Colleges. This blog is on the open Internet, so post nothing that you would not want a potential employer to see.

Monday, October 24, 2011

Budgets

Some distinctions:






















Revenues and Outlays













Deficits














Debt














Composition of Outlays



TABLES










Fun with Historical Tables! Defense Outlays as

.....................................................FY1985.....FY2010

Nominal Dollar...........................252.7b........693.6b
Constant (2005) Dollars...........421.0b........585.9b
Percentage of Outlays...............26.7%..........20.1%
Percentage of GDP.......................6.1%............4.8%




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