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National debts and Federal deficits
The end-of-fiscal-year figures are out, and I've updated my Federal Deficits web page.
Depending on how you look at the numbers, the Obama administration comes out as either by far the best deficit-cutter ever, by far the worst deficit-accumulator ever, or a pretty-good deficit-cutter (comparable to Clinton). Things are all over the map because fiscal year 2008-2009 was so outrageously expensive, due to both Bush and Obama decisions. The numbers should make more sense when we have another fiscal year to include in the table. Watch this space next October 1.
Depending on how you look at the numbers, the Obama administration comes out as either by far the best deficit-cutter ever, by far the worst deficit-accumulator ever, or a pretty-good deficit-cutter (comparable to Clinton). Things are all over the map because fiscal year 2008-2009 was so outrageously expensive, due to both Bush and Obama decisions. The numbers should make more sense when we have another fiscal year to include in the table. Watch this space next October 1.