U.S. Deficit At All Time High
-
The deficit amounted to 10 percent of US GDP, the highest since 1945, ...Source: AFP
The US Budget deficit got up to 1.4 trillion dollars for this fiscal year. This nearly equals the deficit percentage of GDP during the 2nd World War. Analysts predict that there will be budget deficits over a trillion dollars until past 2011. Meanwhile new data was just released stating the over 71% of the U.S.'s GDP is consumer spending.
-
- Share:
-
-
-
-
-
-
Reach -
Credibility
-
Related Allvoices Contributions
-
America's Concealed Economy "the ACE up the sleeves"
By: Jay_Carciero
America, like all nations, has a concealed economy that undermines the legitimate economy. Reporting and research on ACE is minimal at best yet it remains the root cause of unbalanced public budgets, federal deficits, and debt. The acronym "ACE" conjures up the image of a card up one's sleeve, and indeed, the concealment of ...
about 1 month ago
-
FMIC and UA&P expect 2% GDP growth rate in 3rd quarter
By: edlopez
The Philippine economy is projected to grow by 2 percent in the third quarter of the 2009, according to FMIC and UA&P Capital Markets Research. “We expect a more robust export demand and early election spending to boost GDP by 4.2 percent in the fourth quarter and lead to a full-year average of 2.2 percent,” the report said. &...
about 1 month ago
-
CBO report just released: Obama's health care plan would REDUCE the ...
By: DelilahStarling
The Congressional Budget Office just released a report on the cost of President Obama’s health care plan and it reduces the deficit, as Obama has stated repeatedly, over the ten year period. The total cost will be 829 billion, instead of the trillion dollars predicted by Republican alarmists, and would end up reducing the deficit by ...
about 1 month ago
-
NTPC sale to fetch 1.8 billion dollars: Disinvestment Secretary
By: AMITOO2_44
A five percent stake sale of the state-run power producer National Thermal Power Corporation (NTPC) could fetch the government 1.8 billion dollars (81 billion rupees), Disinvestment Secretary Sunil Mitra said on Friday. Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the ...
10 days ago
- News Source: Pakistan Chronicle | about 1 month agoThe U.S. government ran a deficit of $1.4 trillion in fiscal 2009, the Treasury and the White House said Friday, smaller than predicted in August but more than triple the $455 billion shortfall recorded in 2008. The Obama administration's efforts to...
- News Source: Androscoggin News | about 1 month agoHe said the upshot of the shift from spending would be to depress the value of the pound for a long period of time, rather than the temporary blip many foreign exchange experts anticipate. He said that this was also in part due to the fact that with...
- News Source: Androscoggin News | about 1 month agoThe Federal Budget deficit was actually better than expected based on estimates done in May and August...The decline was also the result of receipts that were $31 billion higher than estimated in the Mid-Session Review. The final $1,417 billion...
- News Source: Uinta County News | about 1 month agoFor each dollar of revenue, the federal government spent $1.67. "The good news is there is nothing here indicating something much worse than we expected in January," said James R. Horney, a budget expert at the liberal Center on Budget and Policy...
- Blog Source: www.washingtonexaminer.comThe federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the financial system and jump-start the economy. ... " Today's
- Blog Source: blog.taragana.comThe figure represented about 9.9 percent of gross domestic product (GDP), the highest percentage since 1945, the Congressional Budget Office said in a statement. CBO: Budget deficit hit record $1.4B in 2009 thanks to recession-fed drop ...
- Blog Source: brianroberts.meThe US government closed its 2009 fiscal year with a record budget deficit of 1.417 trillion dollars, some 962 billion dollars higher than the prior year, officials said Friday.
- Blog Source: www.washingtonexaminer.comThe Congressional Budget Office projects that the nation's debt held by investors both at home and abroad will increase by $9.1 trillion over the next decade, pushing the total to $17.1 trillion decade under Obama's spending plans. ... The record
- Blog Source: blog.taragana.comThe figure for the 2009 fiscal year, which ended Sep 30, represents about 10 percent of US gross domestic product (GDP), the highest percentage since 1945. Federal deficit soars to all-time high of $1.42T, expected to total $9.1T over the .... 'We'
- Blog Source: www.doomdaily.comThe deficit amounted to 10 percent of US gross domestic product (GDP), the highest since 1945. The huge jump in the budget shortfall stemmed from both declining revenues and a massive ramping up of spending in a fiscal stimulus to jolt ...
-
Image Source: static.seekingalpha... -
Image Source: www.marketoracle.co.uk -
Image Source: www.brookings.edu -
Image Source: www.finetunedfinanc... -
Image Source: www.wnd.com -
Image Source: www.blogcdn.com
- Video Source: www.truveo.comCBO says $1.4 trillion deficit ...Video Source: www.truveo.comCBO says $1.4 trillion deficit for 2009
- Video Source: www.truveo.com
- Video Source: www.truveo.com$788 Trillion United States ...Video Source: www.truveo.com$788 Trillion United States Debt Obligations exceed world GDP Monetary ...
- Video Source: www.truveo.com
Cell phones use report code: Related Tweets
-
@jaketapper @mbaou80 what r u talking about @chriscuomo just was in afghanistan + @nickschifrin is doing great reporting for us there
about 1 month ago -
@LATimescitydesk UC Santa Barbara on lockdown this afternoon as police check reports of gunman on campus: http://bit.ly/1RUHpY
about 1 month ago -
@LAJourno RT @anblanx: UC Santa Barbara says all clear after report of gunman on campus http://bit.ly/27J8Pw
about 1 month ago -
@brianstelter "The Baghdad class of 2003 is now the Kabul class of 2009." My take on Afghanistan media coverage: http://bit.ly/1MTus7
about 1 month ago
Related Allvoices Reports
Related People
Site Links
Site Topics
Contributions
- Report Your News
- Add your voice and contribute via your cellphone - check out how to Report News via Your Cellphone
- Blog Widget
- Widget for Blog Owner
