Today the administration
released its budget. It calls for a $3.83 trillion budget in
FY 2011 and a $1.6 trillion deficit in the current fiscal year,
which would be a post-WWII record. Under the proposed budget the
deficit would fall to $1.3 trillion next year, and to about $830
billion the year after that. But then the deficit would inch back
upward, and is not projected to fall below 3.6 percent of GDP in
the foreseeable future.
The record deficit this year incorporates the cost of the
administration's planned $100 billion jobs bill.
Rep. Paul Ryan, the ranking Republican on the Committee on the
Budget, has a good review of the
giant budget, including this graph, which shows clearly what is
happening with the deficit.
I recently came across your blog and have been reading along. I
thought I would leave my first comment. I don't know what to say
except that I have enjoyed reading. Nice blog. I will keep
visiting this blog very often.
Alena| 2.3.10 @ 12:54AM
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Alena
http://grantsforeducation.info
uloi| 3.9.10 @ 9:48PM
your arctical is so amazing,keep on it!