Fighting for a U.S. federal budget that prioritizes peace, economic security and shared prosperity
March 19, 2014 - Download PDF Version
This chart shows the size of the federal budget deficit (or surplus) as a share of the overall U.S. economy since 1930. In President Obama’s 2015 budget, the deficit amounts to 3.1 percent of the economy. As you can see, that’s roughly on par with annual deficits since World War II.