Letters to the Editor

Deficit data

Let's talk facts: The deficit is the difference between the national debt and revenues. The U.S. fiscal calendar is Oct. 1 to Sept. 30.

Fiscal year 2009 was from Oct. 1 2008 to Sept. 30 2009. The federal deficit in fiscal year 2008 (Oct. 1 2007 to Sept. 30 2008) was $423 billion.

Bush signed the Troubled Asset Relief Program (TARP) on Oct. 3 2008, which went into the 2009 fiscal year. Obama bailed out the auto industry in 2009. The deficit in fiscal year 2009 grew to $1.4 trillion.

The deficit in fiscal year 2010 fell to $1.29 trillion, and in fiscal year 2011 it stayed flat at $1.3 trillion. The Congressional Budget Office projects the deficit in 2012 to be $970 billion. All these figures can be found at CBO.gov. Another very good site that has a treasure trove of data is the St. Louis Fed website at stlouisfed.org. In the search box, type US Deficit. You can filter the graph to show you the deficit for the last 10 years.

Jane Fox, Pasco

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