U.S. Federal Deficits, Presidents, and Congress Stephen Bloch Last update: Oct. 1, 2019 Numbers for Sept. 30, 2019. Some time in early 2004, I ran across a Web site maintained by the Department of the Treasury, listing the U.S. National Debt year by year since 1791. The numbers by themselves are too big to be meaningful, so I put them into a spreadsheet to see if I could extract any Budget deficit in FY2018. Fiscal year 2018 (FY 2018) ran from October 1, 2017 through September 30, 2018. It was the first fiscal year budgeted by President Trump. The budget deficit increased from $665 billion in 2017 to $779 billion in 2018, an increase of $114 billion or 17%.

U.S. Federal Deficits, Presidents, and Congress Stephen Bloch Last update: Oct. 1, 2019 Numbers for Sept. 30, 2019. Some time in early 2004, I ran across a Web site maintained by the Department of the Treasury, listing the U.S. National Debt year by year since 1791. The numbers by themselves are too big to be meaningful, so I put them into a spreadsheet to see if I could extract any Budget deficit in FY2018. Fiscal year 2018 (FY 2018) ran from October 1, 2017 through September 30, 2018. It was the first fiscal year budgeted by President Trump. The budget deficit increased from $665 billion in 2017 to $779 billion in 2018, an increase of $114 billion or 17%. Why? Because during a president's first year in office, he doesn't control the debt. He inherits his predecessor's budget. The budget for Obama's first year in office was set by George W. Bush and during the 2009 fiscal year, it created a $1.16 trillion deficit. Bush had left the White House but it was the next guy who picked up the tab. The federal deficit would be $1.5 trillion smaller under the President’s budget than in CBO’s baseline over the 2020–2029 period, CBO estimates. By contrast, the Administration estimates that the deficit would be $4.1 trillion smaller than the amounts in CBO’s baseline during that period.

The fourth biggest budget deficit was $1,089,400,000,000 and occurred during Obama's presidency. Democrats point out that although the deficit remained at one of its all-time highs, the president had inherited a $1.4 trillion deficit and yet was still able to make progress on lowering it.

The fourth biggest budget deficit was $1,089,400,000,000 and occurred during Obama's presidency. Democrats point out that although the deficit remained at one of its all-time highs, the president had inherited a $1.4 trillion deficit and yet was still able to make progress on lowering it. A growing economy and steps taken by the Obama administration and Congress shrank the deficit to 2.4 percent of the economy in 2015, but it slowly began expanding again, largely because of spending Obama left the presidency with a deficit of approximately $584.6 billion, which is more than halving $1.41 trillion. The deficit was even lower in 2015 at around $441.9 billion. The US national debt passed $22 trillion on February 11, the first time the federal debt had breached that threshold. The landmark came just over two years after President Donald Trump, who once promised to eliminate the federal debt in eight years, took over the Oval Office. U.S. Federal Deficits, Presidents, and Congress Stephen Bloch Last update: Oct. 1, 2019 Numbers for Sept. 30, 2019. Some time in early 2004, I ran across a Web site maintained by the Department of the Treasury, listing the U.S. National Debt year by year since 1791. The numbers by themselves are too big to be meaningful, so I put them into a spreadsheet to see if I could extract any

11 Feb 2020 President Trump's proposed budget projects federal deficits until 2035. And President Trump himself, on the campaign trail in 2016, pledged 

29 Jul 2019 The federal debt is the running total of the accumulated deficits. Following the money. Now let's take a closer look at each president's impact on  23 Jan 2020 According to CRFB President Maya McGuineas, the deficit would However, the increased spending with less income has kept deficits high.

11 Mar 2019 Under the President's budget's estimates, deficits would peak at 5.1 percent of GDP in 2019 and then fall gradually to 0.6 percent of GDP by 2029.

18 Feb 2020 As a candidate in 2016, President Trump proposed an eight-year plan to end the deficits. Spending grows faster than revenue. According to the 

23 Sep 2019 And not a single one — not one — was about our deficit or debt. The next president faces rapidly rising deficits and debt, depleting trust funds 

10 Feb 2020 And while the President's 2021 plan does not eliminate the deficit in 10 slashing entitlements and other non-discretionary domestic spending. 31 Oct 2019 Annual deficits hit record levels—more than $1 trillion—under President Barack Obama, who, in response to the Great Recession, continued the  10 Feb 2020 spend in a lifetime. President Rubio would have relished doing the same. But while, again, very few people actually care about The Deficit,  28 Jul 2019 For all of his tough talk about cutting spending and reducing deficits, President Trump has failed glaringly to get Congress even to make a dent 

25 Nov 2019 He's in line with past Republican presidents like George W. Bush, who racked up deficits with boosts in military spending and tax cuts. 29 Jul 2019 The federal debt is the running total of the accumulated deficits. Following the money. Now let's take a closer look at each president's impact on  23 Jan 2020 According to CRFB President Maya McGuineas, the deficit would However, the increased spending with less income has kept deficits high.