26 Jan 2010 If Federal Outlays Were U.S. Carbon Emissions…
…we would have had a deficit of $52 billion in 2009, rather than the $1.44 trillion that we had (see historical tables here).
U.S. carbon emissions were an estimated 5,495 million metric tons in 2009, roughly 9.4% more than they were in 1990 (5,022).
If federal outlays had grown at the same pace, our spending would have been about $1.739 trillion (constant 2000 dollars) last year, while revenue would have been $1.687 trillion. We would had a surplus of $208 billion (Kyoto-Protocol-style 7%-below-1990 levels).
…And yet everybody thinks we’ve been irresponsible with carbon emissions.