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Thread: 2014 Federal Budget Deficit at $486 Billion, Lowest Since 2008

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    2014 Federal Budget Deficit at $486 Billion, Lowest Since 2008

    Welcome news

    2014 Federal Budget Deficit at $486 Billion, Lowest Since 2008 - NBC News

    BY MARK MURRAY

    The federal government ran an estimated budget deficit of $486 billion in fiscal year 2014, the Congressional Budget Office (CBO) announced Wednesday -- $195 billion less than the shortfall recorded in fiscal year 2013, and the smallest deficit recorded since 2008.

    Relative to the size of the economy, that deficit—at an estimated 2.8 percent of gross domestic product (GDP)—was slightly below the average experienced over the past 40 years, and 2014 was the fifth consecutive year in which the deficit declined as a percentage of GDP since peaking at 9.8 percent in 2009.


    For an Obama White House that’s faced difficult headlines in recent months – on ISIS, Ebola, the conflict in Eastern Ukraine – this is welcome news, especially on a subject that was a key Republican talking point during the 2012 presidential contest.



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    Re: 2014 Federal Budget Deficit at $486 Billion, Lowest Since 2008

    Quote Originally Posted by pbrauer View Post
    Welcome news

    2014 Federal Budget Deficit at $486 Billion, Lowest Since 2008 - NBC News

    BY MARK MURRAY

    The federal government ran an estimated budget deficit of $486 billion in fiscal year 2014, the Congressional Budget Office (CBO) announced Wednesday -- $195 billion less than the shortfall recorded in fiscal year 2013, and the smallest deficit recorded since 2008.

    Relative to the size of the economy, that deficit—at an estimated 2.8 percent of gross domestic product (GDP)—was slightly below the average experienced over the past 40 years, and 2014 was the fifth consecutive year in which the deficit declined as a percentage of GDP since peaking at 9.8 percent in 2009.


    For an Obama White House that’s faced difficult headlines in recent months – on ISIS, Ebola, the conflict in Eastern Ukraine – this is welcome news, especially on a subject that was a key Republican talking point during the 2012 presidential contest.

    Who writes the budget?
    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury." Attributed to Alexander Tytler

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    Re: 2014 Federal Budget Deficit at $486 Billion, Lowest Since 2008

    And to think, had we stuck with the 2009 budget we would have a $300+ billion surplus right now.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: 2014 Federal Budget Deficit at $486 Billion, Lowest Since 2008

    Quote Originally Posted by pbrauer View Post
    Welcome news

    2014 Federal Budget Deficit at $486 Billion, Lowest Since 2008 - NBC News

    BY MARK MURRAY

    The federal government ran an estimated budget deficit of $486 billion in fiscal year 2014, the Congressional Budget Office (CBO) announced Wednesday -- $195 billion less than the shortfall recorded in fiscal year 2013, and the smallest deficit recorded since 2008.

    Relative to the size of the economy, that deficit—at an estimated 2.8 percent of gross domestic product (GDP)—was slightly below the average experienced over the past 40 years, and 2014 was the fifth consecutive year in which the deficit declined as a percentage of GDP since peaking at 9.8 percent in 2009.


    For an Obama White House that’s faced difficult headlines in recent months – on ISIS, Ebola, the conflict in Eastern Ukraine – this is welcome news, especially on a subject that was a key Republican talking point during the 2012 presidential contest.

    ...such low standards we have for "welcome news"

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