3 ms·
So basically since 1976, the US is only on the positive side of the budget for 4 years (1998-2001). For all other (34) years, there has been a deficit. Yicks.
by borgchick 13y ago
So basically since 1976, the US is only on the positive side of the budget for 4 years (1998-2001). For all other (34) years, there has been a deficit. Yicks. If the US was a person, that person would be considered a financial disaster.
- mpyne 13y agoLucky for us then, that the US is not a person. Unlucky for us, it's even harder to determine a healthy budget than looking at income vs. outlays. E.g. if the money supply grows faster than the national debt then even a small but constant deficit may still be an entirely healthy thing.
- mindrag 13y agoThat's like comparing an aircraft carrier to a rubber ducky. Budgeting for a country of 300 million bears no resemblance to household budgeting. The priorities and general principles are completely different.
- rayiner 13y agoThe important thing is that Treasury category. It shows how much of the budget is going to debt service payments. It was almost 1/4 of the budget in 1995, but came back down.