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re: Tax revenues hit all time high for FY 2014

Posted on 8/15/14 at 2:02 pm to
Posted by Powerman
Member since Jan 2004
162269 posts
Posted on 8/15/14 at 2:02 pm to
quote:

The worse deficits in the history of mankind have been in the years 2009, 2010, 2011, 2012, 2013 and CBO projects 2014, 2015 and 2016 will join that list.


False
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69417 posts
Posted on 8/15/14 at 2:04 pm to
quote:

Powerman
Deficits are expected to rise again starting in 2017, and continue to increase from then on, according to cbo.
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 8/15/14 at 2:07 pm to
quote:

False


LINK

Table 1.1 - Column D

Please tell us, from the Whitehouse.gov document what years (and projected years) have the highest total deficits.

Posted by RidiculousHype
St. George, LA
Member since Sep 2007
10231 posts
Posted on 8/15/14 at 2:09 pm to
Go to the actual OMB site and click on "Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2019"

Here are the figures, straight from the source:
Year Surplus/Deficit
2000 236,241
2001 128,236
2002 -157,758
2003 -377,585
2004 -412,727
2005 -318,346
2006 -248,181
2007 -160,701
2008 -458,553
2009 -1,412,688
2010 -1,294,373
2011 -1,299,593
2012 -1,086,963
2013 -679,502
2014est -648,805
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