nsacpi
Expects Yuge Games
federal deficit by year
2012 6.6% of GDP
2013 4.0
2014 2.8
2015 2.4
2016 3.1
2017 3.4
2018 3.8
2019 4.6
2020 14.7 (was on track to exceed 5% before covid)
2021 11.8
2022 5.3
2023 6.2
2024 down slightly so far in dollar terms and probably below 6% of GDP
Obama brought it down in his second term. Trump blew it up even before covid. Biden has been bringing it down.
2012 6.6% of GDP
2013 4.0
2014 2.8
2015 2.4
2016 3.1
2017 3.4
2018 3.8
2019 4.6
2020 14.7 (was on track to exceed 5% before covid)
2021 11.8
2022 5.3
2023 6.2
2024 down slightly so far in dollar terms and probably below 6% of GDP
Obama brought it down in his second term. Trump blew it up even before covid. Biden has been bringing it down.
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