DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Deficits

**wrbwrbwrb** · 09-02-2012, 02:04 AM

In 2007 the federal government spent $2.7 trillion, and ran a deficit of $160 billion.

In 2008, the federal government spent $2.98 trillion, and ran a deficit of $458 billion.

Then in 2009, the government spent $3.99 trillion, with a deficit of $1.8 trillion! But, of course, that was because of the stimulus being added in, right?
A one-time thing?

2010 - $3.5 trillion / $1.25 trillion

2011 - $3.6 trillion / $929 billion

2012 - $3.6 trillion / $557 billion

And projections show $500 billion deficits to continue for the foreseeable future. How did this become the new normal?!?

09-02-2012, 02:04 AM	#1
wrbwrbwrb Join Date Oct 2005 Posts 355 Senior Member	Deficits - How Did This Happen? In 2007 the federal government spent $2.7 trillion, and ran a deficit of $160 billion. In 2008, the federal government spent $2.98 trillion, and ran a deficit of $458 billion. Then in 2009, the government spent $3.99 trillion, with a deficit of $1.8 trillion! But, of course, that was because of the stimulus being added in, right? A one-time thing? 2010 - $3.5 trillion / $1.25 trillion 2011 - $3.6 trillion / $929 billion 2012 - $3.6 trillion / $557 billion And projections show $500 billion deficits to continue for the foreseeable future. How did this become the new normal?!?
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