MBRJUN08

Thus far, $50 billion of the debt is attributed to the stimulus rebates, Further rebates, about the same amount will also be added to the deficit in coming months.

Budget totals through May

	Actual FY 2007	Prelim FY 2008	Est. Change
Receipts	$1.7 billion	$1.68 billion	$ 6 billion
Outlays	$1.81	$1.99	$174 billion
Deficit	$148 billion	$317 billion	$168 billion

WHERE THE MONEY CAME FROM

Source	Actual FY 2007	Prelim FY 2008	Percent Chng
Individual taxes	$776 billion`	$771 billion	.7%
Corp Taxes	$211 billion	$178 billion	15.8%
Social Insurance	$588 billion	$610 billion	3.8%
Other	$104 billion	$116 billion	11.3%
Total	$1,669 billion	$1,675 billion	.3%

WHERE THE MONEY WENT

Category	Actual FY 2007	Prelim FY 2008	Actual Chng	Adjusted Chng
Defense	$349 billion	$392 billion	12.3%	10.3%
Social Security	$381 billion	$401 billion	5.4%	5.4%
Medicare	$249 billion	$264 billion	6.2%	3.6%
Medicaid	$128 billion	$136 billion	5.9%	5.9%
Other	$547 billion	$629 billion	15%	12.6%
Subtotal	$1,654 billion	$1,822 billion	10.2%	8.6%
Debt Interest	$163 billion	$169 billion	3.6%	3.6%
Total	$1,817 billion	$1,991 billion	9.6%	8.1%

This Report is revised from the original CBO report compiled by CBO’s Mark Booth, Chad Chirico, Barbara Edwards, and Kathy Gramp.

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