Retirement Nomads: Too poor to retire and too young to die

Re:Retirement Nomads: Too poor to retire and too young to die by nugget on Tuesday February 02, 2016 @04:20PM (#11022715)

You have a gap of .1 tn (a hundred billion dollars) of spend over revenue, implying an annual deficit of that amount.

From what I read the Federal deficit was >$400 billion in 2015 and the majority of states and municipalities seem to run either at neutral or a slight deficit.

What am I missing here or how does the math work out?

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Re:Retirement Nomads: Too poor to retire and too young to die by roymurdock on Tuesday February 02, 2016 @04:39PM (#11022886)

I sourced spending data from http://www.usgovernmentspending.com/ and revenue data from http://www.usgovernmentrevenue.com/. Lots of good links and transparency wrt data sourcing (mostly from gov) and calculations of totals.

In 2015 Federal spend was 3.8t and revenue was 3.2t, so there was a gap of -600bn there as you mentioned. States ran a surplus of 200bn and local ran a deficit of -400bn. Intergovernmental transfers amounted to 600bn. So the total deficit was -200bn (the top level numbers are rounded to one decimal place).

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