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Good News: The Deficit is Falling

Doomsayers at various investment conferences, including FreedomFest, have been predicting “the end of America” and massive deficits in the United States. But so far, they have been dead wrong.

Deficits have been shrinking since 2009, when we hit the bottom of the Great Recession (see the chart below). Indeed, the U.S. deficit now is under $500 billion a year, less than 3% of gross domestic product (GDP).

Read about the reasons behind the shrinking deficit at Eagle Daily Investor.

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Deficits have been shrinking since 2009, when we hit the bottom of the Great Recession.

archive

Good News: The Deficit is Falling

Deficits have been shrinking since 2009, when we hit the bottom of the Great Recession.

Doomsayers at various investment conferences, including FreedomFest, have been predicting ??the end of America? and massive deficits in the United States. But so far, they have been dead wrong.

Deficits have been shrinking since 2009, when we hit the bottom of the Great Recession (see the chart below). Indeed, the U.S. deficit now is under $500 billion a year, less than 3% of gross domestic product (GDP).

Deficit_080714

Read about the reasons behind the shrinking deficit at Eagle Daily Investor.

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Sign up to the Human Events newsletter

Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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