Home > Business Cycles, Fiscal Policy, Sovereign Debt Crisis > Some Modest Good News About the Government’s Deficit

Some Modest Good News About the Government’s Deficit

The data is now available measuring the federal government’s deficit for the last calendar year. Here are the numbers for the last two years.

Calendar Year 2011: $1.25 Trillion

Calendar Year 2012: $1.06 Trillion

Source: Financial Management Service (www.fms.treas.gov)

The data actually reveals an approximate 15 percent reduction in the deficit for 2012. Are we now going to hear politicians tell us that the deficit is no longer a problem?

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Economics One

A blog by John B. Taylor

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