Just in time for Obama: Budget deficit keeps declining (user search)
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  Just in time for Obama: Budget deficit keeps declining (search mode)
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Author Topic: Just in time for Obama: Budget deficit keeps declining  (Read 731 times)
SPQR
italian-boy
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Posts: 1,705
Italy


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« on: December 19, 2011, 05:42:37 AM »
Quote from: Politico on December 15, 2011, 10:21:58 AM
Quote from: Tender Branson on December 15, 2011, 10:19:01 AM
The deficit is now projected by the CBO to come in at less than 1 trillion.

GDP will grow to about 16 trillion $, so the deficit should be at about 6% (+/- 0.5%)

At about 6% of GDP about four years after the start of the last recession? Yeah, that is not good. The only silver lining is that we're still in better shape than most of the rest of the world.
Considering that it was 10% BEFORE that,and that with a recession there is more public spending and a decline in GDP...yeah,it's not bad.
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