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September 30, 2009

Budget Deficits

-- by Dave Johnson

According the Wall Street Journal Bush's final budget year will have a deficit of more than $1.2 trillion. (Note that the WSJ story was written before President Obama was sworn in.)

When Clinton left office the country had a budget surplus of over $230 billion. Carter submitted a balanced budget to Congress in his last year. LBJ balanced the budget.

Posted by Dave Johnson at September 30, 2009 12:21 PM


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