Congressman
Henry E. Brown, Jr.

 DEFICIT SOARS

The federal budget has gone from surplus to deficit during the past decade.

Fiscal year     Surplus or deficit
2000     $236 billion
2001     $128 billion
2002     -$158 billion
2003     -$378 billion
2004     -$413 billion
2005     -$318 billion
2006     -$248 billion
2007     -$161 billion
2008     -$459 billion
2009*     -$1,841 billion

* Estimate
Source: White House
        
Stagnant unemployment, shrinking tax revenue and a struggling economy threaten to quadruple the size of last year's federal budget deficit, raising more questions about the timing of costly proposals to overhaul health care. Read more here.

Posted by Brown Staff (08-11-2009, 12:02 PM) filed under Economy

 

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