PrintMarch 8, 2010
Graph of the Day for March 8, 2010
"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.)
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