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- The U.S. Federal Budget has not been balanced since 1835, under then president Andrew Jackson
- During the 1920's the Federal Budget maintained a surplus, and has not done so since
- Congress has maintained a deficit since 1969
- Treasury Department borrows money to exceed budget spending
- There have been several versions of a Balanced Budget Amendment proposed in Congress
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The Federal Deficit represents the extent to which government expenditures exceed the amount of revenue a government receives during a fiscal period. A government that spends beyond its revenue falls into a budget deficit, while a government that spends less accrues a surplus.
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National Debt
The $9.4 trillion in National Debt is a direct result of the debt and interest accumulated from the United States government's practice of deficit spending.Brillig: U.S. National Debt Clock FAQ (February 6, 2008) The interest expense from money borrowed to supplement government spending constitutes the third largest government expenditure behind the Department of Defense, and Health and Human Services.FederalBudget.com: The National Debt is $9.4 Trillion! (June 2, 2008)
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Federal Deficit on Amazon
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Charlie Rose - Pete Peterson (April 2, 2008) - $24.95
An hour with Pete Peterson, co-founder and senior chairman of The Blackstone Group. Peterson will give $1 billion to his new foundation, the Peter G. Peterson Foundation, to help s...Amazon
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The Great Deficit Scares: The Federal Budget, Trade, and Social Security - $9.95
American politics often seems to be focused on three deficits, real and potential: the federal budget, the Social Security Trust Fund, and the trade balance. Robert Eisner, pas...Amazon
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Downsizing the Federal Goverment - $9.00
Most federal programs are unnecessary, actively damaging, or properly the responsibility of the states or the private sector. This book examines a huge range of programs that shoul...Amazon
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Houdini & the Federal Budget Hoax : A Special Report to Reveal the Magic of Using Your Social Security Pension to Hide the Federal Deficit & Much More - $12.95
The U.S. Treasury maintains separate funds or accounts for the deposit or transfer of (1) monies owned by the gov't. which are called Federal Funds and (2) monies not owned by ...Amazon
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Federal Deficit Questions
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Is the 2009, Federal budget deficit $1.8 trillion? 1 Answerit's projected to be $1.75 trillion by the CBO for FYE 9/30/09...not clear on all the components but $300 bn is attributed to worsening economic conditions and ... read more -
What is the trade deficit balance between the US and Japan? 1 AnswerThe deficit in 2007 was $82.8 billion, and in 2008 it was $72.7 billion. In Jan/Feb 2009, the deficit is $6.5 billion, compared to the Jan/Feb 2008 deficit of $... read more
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Is the 2009, budget deficit $1.8 trillion? 1 Answeryes...the CBO has projected $1.75 trillion for fye 9/30/09 and $1.4 trillion for fye 9/30/10 read more
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If the US is a powerhouse in advanced technologies why does it run a deficit in these areas? 2 AnswersI'm not sure which company you are referring to, but just because the company is American does not mean that all the research and advanced technologies are actu... read more
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On Twitter Powered by Twitter
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RT @SenJohnMcCain: AP: Federal deficit hits record $176.4 billion for October as revenues plunge, spending remains high
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Federal Deficit, Surplus, and National Debt | National Priorities... http://tinyurl.com/ygxttkt
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BHO has quadrupled federal deficit, from $455 billion fiscal 2008 to $1.8 trillion in fiscal 2009, more than 13% of GDP.
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The federal deficit jumps from $422 billion to $1.42 trillion in 10 MONTHS. WOW! http://bit.ly/4qe9OM #TCOT #SGP
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RT @JohnTalleos: Thats not deficit thats govt debt, not the same thing. || "...federal budget deficit..." http://is.gd/54X58
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