In fiscal 2013, which ended Sept. 30, the deficit was $680.276 billion, according to the Monthly Treasury Statement released Wednesday. In fiscal 2012, the deficit was $1.089193 trillion; in fiscal 2011, it was $1.296791 trillion; in fiscal 2010, it was $1.294204 trillion; and, in fiscal 2009, it was $1.415724 trillion. In fiscal 2008, the last full year that George W. Bush was president, the deficit was $454.798 billion. Even when adjusted for inflation, the $680.276 billion fiscal 2013 deficit is only exceeded by the deficit the U.S. government ran in 1943, during the height of World War II. That year, the deficit was $54,554,000,000--or $738,367,890,000 in inflation-adjusted 2013 dollars.
Posted on: Thu, 31 Oct 2013 07:07:19 +0000
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