U.S. Deficit Lower Than Before The Financial Crisis

kob 4 ^

[expat_panama]

...2015 still isn't done yet...

  ...the fiscal year for the US run from 10/1 to 9/30?

Huh.  So the idea could be that they got their deficit/GDP numbers using a kind of Fiscal GDP that had 2015 be the average GDP rates for '14Q4 thru '15Q3. 

However what the article actually says is that "the deficit for fiscal 2015 is the lowest since 2007".  What that means is that the FY 2015 deficit is better than since 2007 and it's still worse than it was in 2007 --which was right before the Crisis.   The title's wrong to say "Lower than Before" because that contradicts what the article says.

[stocksthatgoup]

Stagflation!

[Brilliant]

The 2007 budget was the last GOP budget before Pelosi began writing them. The 2008 deficit was the first Pelosi/Reid deficit.

Actually, Pelosi added $37 billion to the 2007 deficit after she took control in January 2007. It would have been less than $130 billion if the GOP had not been turned out by the voters in the 2006 election. It’s a good example of how GOP disunity usually ends up badly.

[doldrumsforgop]

That kis as good of news like losing a hand instead of a hand and a foot.

Why celebrate tragedy?

The real fact us we are going more and more into debt and doing nothing about it.

Once higher interest rates make servicing the debt untenable, we will be like Argentina, and have lost the semblance of the country we live in.

[clearcarbon]

Fracking

[newbie 10-21-00]

Fiscal 2015 ended Sept 30

[expat_panama]

Yeah, that’s what we were thinking but what I said in post 17 was that even so the headline was still wrong —it contradicts the article itself.

[texas booster]

I thought that the debt ballooned by $450 billion within a month of the budget deal being signed.

[Let_It_Be_So]

The source for the $439B figure for fiscal year 2015 (as well as the $474B estimate for fiscal year 2016) is:

http://www.usgovernmentspending.com/federal_deficit_chart.html