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March 13, 2010
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.
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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