2012 budget deficit checks in @ 7% of GDP, down from 8.7% in 2011 (- 200 Bio. $) (user search)
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  2012 budget deficit checks in @ 7% of GDP, down from 8.7% in 2011 (- 200 Bio. $) (search mode)
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Author Topic: 2012 budget deficit checks in @ 7% of GDP, down from 8.7% in 2011 (- 200 Bio. $)  (Read 1376 times)
opebo
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Posts: 47,009


« on: October 12, 2012, 02:37:11 PM »

Two sides to this - it is unfortunate that more was not spent, as it is very bad timing for austerity.  On the other hand, the revenue is up due to the improving economy.  Next year's inevitable cyclical boom will continue this trend doubly so.
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