A scary graph from the Congressional Budget Office:
While some might want to emphasize the projected coming together of the two lines, 2009 and 2010 just look plain ugly. For those who are into nominal values instead of GDP percentages, a percentage point equals $142 billion dollars in 2009 and $148 billion in 2010. That puts the 2009 deficit at about $1.42 trillion, and $1.33 trillion projected for 2010. Something is going to have to give . . ..
Data from the Congressional Budget Office.
Labels: economics, U.S. Politics