Rising Hegemon
At $680 billion, the fiscal 2013 deficit is 51 percent less than it was in 2009, when it hit a record high nominally of $1.4 trillion.
As a percent of the economy, it's also considerably smaller than it's been in the past five years, coming in at 4.1 percent of gross domestic product. By contrast, the annual deficit in 2009 topped 10 percent of GDP. And last year it was 6.8 percent.
2 comments:
Let me re-write that:
At $680 billion, the fiscal 2013 deficit is 51% less than it was in 2009, when the Bush deficits hit a record high nominally of $1.4 trillion.
As a percent of the economy, under President Obama it was also considerably smaller than it's been in the past five years, coming in at 4.1% of gross domestic product. By contrast, the annual deficit in 2009 topped 10% of GDP. And last year it was 6.8%.
There. Fixed it.
considering they ignored the deficits BUILT BY GWB, and THE PREVIOUS president enjoyed a ZOOMING economy + a DROPPING DEFICIT by raising taxes, i sa we IGNORE any GOP nitwit.
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