Entries Tagged as 'deficit'

Friday, April 3rd, 2009

Financial Rescue Nears GDP as Pledges Top $12.8 Trillion

Bush left office with a budget deficit of $482 billion, the largest ever in nominal dollars (although not the largest as a percentage of GDP). Bush was roundly criticized (deservedly so) for increasing the budge deficit. How often did you hear during the campaign that Bush “turned a budget surplus into a budget deficit”? So [...]