Federal Revenues, Expenditures, and Deficits Relative to GDP

2008

Recession & Obama begins

 

2000

Bush follows Clinton

 

 

 

1980

Reagan

begins

 

 

 

Federal Gross and Net Debt Relative to GDP

Source: Office of Management and the Budget, Historical Tables, http://www.whitehouse.gov/omb/budget/Historicals

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Annual Growth Rate Annual Growth Rate

1949-1970: 4.00% 1970-2007: 3.05%

 

 

Cart Reagan Clinton BushJr Obama

3.18% 3.32% 3.79% 2.33% (through 2007)

 

 

 

 

 

Source: U.S. Census Bureau

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