February 10, 2010

Graph of the Day for February 10, 2010

By Randall Hoven

"It was under Mr Bush that the deficit spiraled out of control as we fought an unnecessary and endless $3,000bn war in Iraq..." James Carville.

Estimated Appropriations Provided for U.S. Operations in Iraq and Afghanistan And for Other War-Related Activities, 2001 to 2010

(Billions of dollars of budget authority)

Source: CBO.

Hoven's Index for February 10, 2010

Federal deficits as percent of GDP under President Bush:

2001: -1.3% (surplus)

2002: 1.5%

2003: 3.5%

2004: 3.6%

2005: 2.6%

2006: 1.9%

2007: 1.2%

2008: 3.2%

Under President Obama:

2009: 9.9%

2010: 9.2% (CBO prediction)

2011: 6.5% (CBO prediction)

2012: 4.1% (CBO prediction)

Sources: US Statistical Abstract, Table 457 and CBO.

Graph of the Day Archive.

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