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Looking Back: Budgets of the past

From NBC’s Kevin Hurd
With the announcement of President Obama's 2012 budget this morning, here’s a look back at previous budgets over the past decade.

The numbers show how much money was allocated for spending. They also show whether or not that amounted to a surplus or deficit, depending upon how much revenue the government took in that year.

Since 2000, spending has only dropped twice (if the president’s 2012 budget proposal is enacted) -- both times under President Obama. But total government spending under President Obama is at an all-time high for the country.

Fiscal Year/U.S. Government Budget (Spending)/Deficit or Surplus
2000: $1.79 trillion/$236.2 billion surplus
2001: $1.86 trillion/$128.2 billion surplus
2002: $2.01 trillion/$158.8 billion deficit
2003: $2.16 trillion/$377.6 billion deficit
2004: $2.29 trillion/$412.7 billion deficit
2005: $2.47 trillion/$318.3 billion deficit
2006: $2.66 trillion/$248.2 billion deficit
2007: $2.73 trillion/$160.7 billion deficit
2008: $2.98 trillion/$458.6 billion deficit
2009: $3.51 trillion/$1.4 trillion deficit
2010: $3.46 trillion/$1.3 trillion deficit
2011: $3.82 trillion/$1.6 trillion deficit
2012: $3.73 trillion/$1.1 trillion deficit

Future Estimates
2013: $3.77 trillion/$767.5 billion deficit
2014: $4.00 trillion/$644.6 billion deficit
2015: $4.19 trillion/$606.7 billion deficit
2016: $4.47 trillion/$648.7 billion deficit

SOURCE: Government Printing Office, Budget of the United States Government.

Future estimates show spending continuing to climb over the coming years. The budget report out today projects the 2021 spending budget to hit $5.7 billion dollars. But beginning in 2013 through 2021, the deficit stays between $600 billion and $700 billion. The offset comes from assumed increasing government revenue as the economy gets better. In 2013, the government expects to take in about $3 trillion dollars. By 2021, that number is at about $4.9 trillion dollars.