. It was $483B in FY14 and $1412B last year of Bush II (FY2009). This is due to the stimulus spending in late 2009/2010/2011/2012 and the increased revenues it has generated.
This again validates the wisdom of Keynesian economic theory (as opposed to austerity). I do note the deficit did not drop as much from FY14 to FY15 as it did in the FY11-14 years.
What we need is another stimulus aimed at infrastructure repair/replacement and clean energy R&D.
Sanders is the only candidate thinking this way (unless Trump is quietly so disposed)
Deficit Shrinking Again.
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Deficit Shrinking Again.
by KeithE » Thu Aug 13, 2015 9:47 pm
Informed by Data.
Driven by the SPIRIT and JESUS’s Example.
Promoting the Kingdom of GOD on Earth.
Driven by the SPIRIT and JESUS’s Example.
Promoting the Kingdom of GOD on Earth.
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