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CentralMass

(16,993 posts)

8. Another metric would be revenue and spending vs GDP

Reply to lakeguy (Reply #6)

Tue Aug 23, 2016, 11:23 AM

Aug 2016

In 2008 revenue vs spending as a share of the GDP were 35.1% and 40.5% respectively.
Today they are 35.9% and 37% respectively.

The deficit has been shrinking more due to spending cuts then increased revenues.

The budget deficit today is $553.5 billion.

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Need some help re. Obama and the debt clock... [View all] LaydeeBug Aug 2016 OP

First.... Honest.Dem Aug 2016 #1

First off, you are looking at the 2020 projection as if it were today Thor_MN Aug 2016 #2

In addition to this post by Thor, Mc Mike Aug 2016 #9

thank you for this. LaydeeBug Aug 2016 #11

Watch those numbers, fiscal year. Mc Mike Aug 2016 #12

I'm not sure how much help you will get on that one. CentralMass Aug 2016 #3

We live in a debt based economy... N_E_1 for Tennis Aug 2016 #4

I am starting to wonder why I bother. The response: LaydeeBug Aug 2016 #5

Uh... no moose65 Aug 2016 #7

The answer to your question is in Thor's post 2, and my post 9 response. Mc Mike Aug 2016 #10

a better metric to show would be the current annual deficit versus GDP lakeguy Aug 2016 #6

Another metric would be revenue and spending vs GDP CentralMass Aug 2016 #8

Claim is true, unfortunately. Yo_Mama Aug 2016 #13

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