Graph of the Day for March 13, 2010

"President Bush's return to huge deficit spending represents a sharp break from the recent past."  Citizens for Tax Justice, 2003.

President [Obama]'s State of the Union Address Acknowledges - Partially - the Problems with the Bush Tax Cuts... one has to wonder if President Obama is gently bearing left at a time when any sensible directions would call for a sharp left turn."  
Citizens for Tax Justice, 2010.

 



Source: 
CBO.


Hoven's Index for March 13, 2010


Pre-Bush federal government budget averages, 1970-2000, as percentage of GDP:

Revenues:  18.3%

Outlays:  20.9%

Deficits:  2.6%

Bush averages, 2001-2008:

Revenues:  17.9%

Outlays:  19.9%

Deficits:  2.0%

For 2007 (last fiscal year under a budget passed by a Republican-led Congress):

Revenues:  18.8%

Outlays:  20.0%

Deficit:  1.2%

Source:  US Statistical Abstract, historical tables and Table 457.


Graph of the Day Archive.
"President Bush's return to huge deficit spending represents a sharp break from the recent past."  Citizens for Tax Justice, 2003.

President [Obama]'s State of the Union Address Acknowledges - Partially - the Problems with the Bush Tax Cuts... one has to wonder if President Obama is gently bearing left at a time when any sensible directions would call for a sharp left turn."  
Citizens for Tax Justice, 2010.

 



Source: 
CBO.


Hoven's Index for March 13, 2010


Pre-Bush federal government budget averages, 1970-2000, as percentage of GDP:

Revenues:  18.3%

Outlays:  20.9%

Deficits:  2.6%

Bush averages, 2001-2008:

Revenues:  17.9%

Outlays:  19.9%

Deficits:  2.0%

For 2007 (last fiscal year under a budget passed by a Republican-led Congress):

Revenues:  18.8%

Outlays:  20.0%

Deficit:  1.2%

Source:  US Statistical Abstract, historical tables and Table 457.


Graph of the Day Archive.

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