In an earlier post I had shown that a significant portion of the Federal budget deficit is actually due to the economic downturn. This would suggest that as the economy has started to grow and the stimulus has worn off, the budget deficit should start to shrink. I just saw this interesting post by Suzy Khimm showing that's exactly what is happening. In fact the recent deficit reduction is one of the fastest in recent history, as you can see from this chart:
No comments:
Post a Comment