Budget Deficits

Deficit1

Here’s how future US budget deficits are apportioned to various legislation and events from Center on Budget and Policy Priorities. Remember, the budget for 2000 was in surplus; in 2009 the deficit was $1.4 trillion. It’s not the stimulus spending that dominates deficit spending.

12 16 09bud rev6 28 10 t11

In the meantime, employment is still terrible. If the employment rate stayed at the same rate as 1999 67.1% then there are four million fewer jobs then 10 years ago. That’s a lot of unhappy people.

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