US Deficit Falls To 680 Billion

US Deficit Falls To 680 Billion

What does the decrease in the US deficit mean?

ALOT!

The US deficit is a sign of economic times. The fact the US deficit is the smallest it’s been since 2008, is a huge sign, and an emotionally charged symbol. As a percent of the total economy, it’s now considerably smaller than it’s been in the past years. In 2008, the US deficit was $455 Billion, and now it’s $680 Billion. At it’s peak, in 2009, the deficit was $1.4 Trillion.

This marked decrease is an interesting development. It seems that there are several factors to thank for this improvement in the nation’s fiscal health. There’s an improving economy, and in addition – a ton of fiscal restraint. There’s been plenty of political pressure on politicians to reign in rapid and out of control spending. With the sequester, and across the board budget cuts, and tax increases kicking in, it makes total sense why the deficit is going down.

Economics in the News: U.S. deficit falls to $680 billion

http://money.cnn.com/2013/10/30/news/economy/deficit-2013-treasury/index.html?hpt=hp_t2
Thu, 31 Oct 2013 05:05:00 GMT

 

 

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