Tuesday, October 8, 2013

It's The Economy Stupid: Who you gonna pay?

Federal Revenues through 11/15  =  $222 Billion

Federal Payments through 11/15  =  -$329 Billion

Federal Debt maturing through 11/15  =  -$370 Billion

Cash Flow Shortfall  =  -$477 Billion

 

Federal Revenue

Estimate $Billions

Estimated Revenue Through Nov 15

$222

Major Federal Payments Due

Estimate $Billions

Interest on Treasury Securities

$35

Medicare / Medicaid

$69

Social Security Benefits

$49

Military Pay and Retirement

$10

Education Programs

$12

Defense Vendors

$28

Food Stamps/HUD/TANF/Unemployment

$20

IRS Tax Refunds

$4

Veterans Benefits

$4

Federal Salaries + Benefits

$24

Health and Human Services Grants

$7

Supplemental Security Income

$3

Other Spending (Justice, Energy, FHA,  FEMA, etc.)

$64

Total Payments Due

$329

Federal Debt Maturing After October 17th

Amount $Billions

Oct-24

$58

Oct-31

$115

Nov-07

$54

Nov-14

$79

Nov-15

$63

Total Debt Maturing

$370

Source: Bipartisan Policy Center

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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