Deficit comparison FY 2015 vs 2014
(compiled from DTS data)
So far through the current fiscal year (a little over six months), the deficit is $364 billion. That's 2.0% of GDP.
At the same time last year it was $409 billion or, 2.5% of GDP.
I think the deficit got down to something like 1.3% of GDP in 2007 and then the economy crashed, but anyway, like I said, we think it's topline spending that's the bigger determinant.
1 comment:
Suck all the money out and the economy comes to a screeching halt. Surprise!
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