US budget deficit for FY2014 drops to 486 Bio. $ (or 2.8% of GDP)

[Tender Branson]

Down from 4.1% of GDP in FY2013 and down from 10% deficit in the last Bush-budget.

http://www.cbo.gov/publication/49450

[Adam Griffin]

So basically, no real deficit at all (1% of GDP).

[Tender Branson]

So basically, no real deficit at all (1% of GDP).

?

[King]

2.8% annual deficit is less than most American families.

[AggregateDemand]

If we're really lucky, maybe GDP growth will eclipse borrowing for the first time since Obama took office.

[Slander and/or Libel]

If we're really lucky, maybe GDP growth will eclipse borrowing for the first time since Obama took office.

lolwut

[King]

Nominal growth in our GDP has eclipsed our nominal sized deficit for a few years now.

[Obama-Biden Democrat]

So I guess this cements the fact that Democrats are the sober minded adults in the room when it comes to balanced budgets and economics .

[AggregateDemand]

So I guess this cements the fact that Democrats are the sober minded adults in the room when it comes to balanced budgets and economics .

It cements the fact that you've never looked at any budget data

[Landslide Lyndon]

So I guess this cements the fact that Democrats are the sober minded adults in the room when it comes to balanced budgets and economics .

It cements the fact that you've never looked at any budget data

Neither have you, but he is not the one pretending to be an expert.

[AggregateDemand]

Neither have you, but he is not the one pretending to be an expert.

In the land of fools, I am an expert. It's a sad commentary on some of the nonsensical remarks people make in this forum. You think the Great Society was a leap forward for mankind. A real expert couldn't help you.

[🐒Gods of Prosperity🔱🐲💸]

So I guess this cements the fact that Democrats are the sober minded adults in the room when it comes to balanced budgets and economics .

This is a little bit better than the worst years of the deficit during the GWB administration, so it's really not that great.   For the past few administrations, the deficit as a % of GDP shrank somewhat when we got divided government.  This deficit is better than had been projected, but it is coming off of a deficit that was a record since WW2.

[Landslide Lyndon]

Neither have you, but he is not the one pretending to be an expert.

In the land of fools, I am an expert.

Tell us something we don't know.