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www.whitehousedossier.com | ||
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www.keithhennessey.com
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| | | | | Today we'll look at President Obama's proposed deficit path, asyesterday we looked at his spending and revenue paths. The red line on this graph compares the last 50 years of deficits with the next 50 years under | |
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www.gao.gov
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| | | | | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic. | |
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obamawhitehouse.archives.gov
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jpkoning.blogspot.com
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| | | Usually when I think about gambling and speculative excess, I've always associated it with giddy prosperity. When an economy is doing well, ... | ||
