Graph of the Day for March 8, 2010

Randall Hoven
"Mr. President, I'll try to be brief.  There's a lot to talk about.  I'd like to focus it though on the deficit, impact on the deficit, which we're all talking about.  And I must tell you, maybe I've been around too long, but I am always reluctant, after being here 37 years, to tell people what the American people think.  I think it requires a little bit of humility to be able to know what the American people think.  But -- and I don't, I can't swear I do.  I know what I think, I think I know what they think, but I'm not sure what they think."  Vice President Joe Biden (winner of the Biden-Palin debate of 2008), Feburary 25, 2010.


Source:  Congressional Budget Office.


Hoven's Index for March 8, 2010


Various CBO projections through 2020 based on Obama's proposed budget:

Total 10-year deficit (2011-2020):  $9.761 trillion

Smallest one-year deficit:  $724 billion

Average annual deficit over 2011-2020 as percent of GDP:  5.2%

Average deficit as percent of GDP under George W. Bush (2001-08):  2.0% 

Debt held by the public, as percent of GDP, in 2008:  41%

In 2020:  90%

Unemployment rate in 2010:  10.1%

In 2011:  9.5%

In 2012:  8.0%

Source:  Congressional Budget Office.  (US Statistical Abstract, Tables 457 and 458, for years prior to 2009.)


Graph of the Day Archive.

"Mr. President, I'll try to be brief.  There's a lot to talk about.  I'd like to focus it though on the deficit, impact on the deficit, which we're all talking about.  And I must tell you, maybe I've been around too long, but I am always reluctant, after being here 37 years, to tell people what the American people think.  I think it requires a little bit of humility to be able to know what the American people think.  But -- and I don't, I can't swear I do.  I know what I think, I think I know what they think, but I'm not sure what they think."  Vice President Joe Biden (winner of the Biden-Palin debate of 2008), Feburary 25, 2010.


Source:  Congressional Budget Office.


Hoven's Index for March 8, 2010


Various CBO projections through 2020 based on Obama's proposed budget:

Total 10-year deficit (2011-2020):  $9.761 trillion

Smallest one-year deficit:  $724 billion

Average annual deficit over 2011-2020 as percent of GDP:  5.2%

Average deficit as percent of GDP under George W. Bush (2001-08):  2.0% 

Debt held by the public, as percent of GDP, in 2008:  41%

In 2020:  90%

Unemployment rate in 2010:  10.1%

In 2011:  9.5%

In 2012:  8.0%

Source:  Congressional Budget Office.  (US Statistical Abstract, Tables 457 and 458, for years prior to 2009.)


Graph of the Day Archive.