Wednesday, November 6, 2013

The 2013 federal deficit was “only” $680 billion « Hot Air

The 2013 federal deficit was “only” $680 billion « Hot Air: "The resulting $680 billion deficit is the fifth-highest nominal-dollar deficit in history, behind only the four previous deficits run up by President Barack Obama and Senate Majority Leader Harry Reid. In terms of the percentage of GDP it represents, the 4.1% of GDP deficit for 2013 is more than 2 1/2 times greater than the 60-year pre-Great Recession average of 1.6%, and higher than any year between 1992 and 2008."

'via Blog this'

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