Obama Budget: A Summary and Analysis

摘要

As promised, the Presidents budget outline suggests it will result in declining deficits from $1.8 trillion this year (12.3% of GDP) to $1.2 trillion in 2010 (8% of GDP) to 3.5% of GDP in 2012 and settling around 3% of GDP every year thereafter through 2019. But the debt held by the public doubles from $5.8 trillion (41% of GDP) in 2008 to $11.5 trillion (66% of GDP) in 2013. By 2019, debt will have tripled from the 2008 level to $15.4 trillion (67% of GDP).