FEDERAL BUDGET SURPLUSES AND DEFICITS AS A PERCENTAGE OF GDP
Democratic Presidents’ deficits averaged 1.77% of GDP
Republican Presidents’ deficits averaged 3.42% of GDP
Bush II Administration’s deficit is currently 3.3% of GDP.
Total Democratic Budget Deficits: $1283.8 billion
Total Republican Budget Deficits: $5487.4 billion
Bush II Administration’s Budget Deficit is currently $2727.7 billion
Source: 1962-2007: Congressional Budget Office: http://www.cbo.gov/budget/data/historical.pdf
DEFICIT (total) FEDERAL BUDGET SURPLUSES AND DEFICITS AS A PERCENTAGE OF GDP
Democratic Presidents’ deficits averaged 1.2% of GDP
Republican Presidents’
deficits averaged 2% of GDP
Bush II Administration’s
deficit is currently estimated to be at least 1.86% of
GDP
Total Democratic Budget Deficits: $625.1 billion
Total Republican
Budget Deficits: $4040.7 billion
Bush II Administration’s
Budget Deficit is currently estimated at $1548.4
billion
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Source: 1945-1954: Statistical Abstract of the
1964-2007: CBO Historical Budget Data: http://www.cbo.gov/budget/data/historical.pdf