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Federal Budget Deficit (view source)
Revision as of 19:42, October 15, 2010
, 19:42, October 15, 2010no edit summary
[[File:Obama deficits 2009-2010.JPG|275px|right|thumb|Under President Obama, the federal deficit is approaching 100% of [[Gross Domestic Product]] (GDP). The Greek Debt Crisis of 2010 was preciptated when the Greek deficit reached 115% of GDP.]]
'''Federal Budget Deficit''' is the difference in any year between the [[government]] revenue and the government spending. The national [[debt]] is the cumulative unpaid total of the annual [[deficit]]. The government essentially always runs a deficit, in large part due to [[Medicare]] expanding far beyond [[CBO]] expectations.
'''Federal Budget Deficit''' is the difference in any year between the [[government]] revenue and the government spending. The national [[debt]] is the cumulative unpaid total of the annual [[deficit]]. The government essentially always runs a deficit, in large part due to [[Medicare]] expanding far beyond [[CBO]] expectations.