Show r j The and you q This year as part of congressional budget reform the Federal Government fiscal year will be moved from a beginning date of July 1 to October 1 and this results in what is referred to in most budget documents as a or transition quarter It is interesting to note that during this three month period the Federal Government expenditures for the period of July 1 1976 to October 1 1976 are equivalent in dollar terms to all federal expenditures from the adoption of the Constitution through 1929 Including including including ing the cost of the War of 1812 the Mexican War the Civil War the Spanish I American War and World War Wan I. I Federal expenditures for these three months is million more than was spent in 1961 the year John Kennedy became President The deficit of 16 billion to be incurred incurred incurred incur incur- red during the three months is larger than any deficit incurred in our history prior to 1942 and has been surpassed only 10 times in the history of our nation and five of those years were during World War II The Federal Government will be spending over 1300 for every household house house- hold in the nation during that three month period What a And some people call it a mini |