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Deficits During the Bush and Obama Administrations 

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Tue, 02 Aug 11 8:16 PM | 82 view(s)
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Data from the Office of Management and Budget:

http://www.whitehouse.gov/omb/budget/historicals

Bush Administration

2001
Surplus (Deficit) = $128,236,000,000
Percent of GDP = 1.3%
Surplus (Deficit) in Constant 2005 Dollars = $142,700,000,000

2002
Surplus (Deficit) = $(157,758,000,000)
Percent of GDP = -1.5%
Surplus (Deficit) in Constant 2005 Dollars = $(172,700,000,000)

2003
Surplus (Deficit) = $(377,585,000,000)
Percent of GDP = -3.4%
Surplus (Deficit) in Constant 2005 Dollars = $(402,800,000,000)

2004
Surplus (Deficit) = $(412,727,000,000)
Percent of GDP = -3.5%
Surplus (Deficit) in Constant 2005 Dollars = $(428,000,000,000)

2005
Surplus (Deficit) = $(318,346,000,000)
Percent of GDP = -2.6%
Surplus (Deficit) in Constant 2005 Dollars = $(318,300,000,000)

2006
Surplus (Deficit) = $(248,181,000,000)
Percent of GDP = -1.9%
Surplus (Deficit) in Constant 2005 Dollars = $(239,600,000,000)

2007
Surplus (Deficit) = $(160,701,000,000)
Percent of GDP = -1.2%
Surplus (Deficit) in Constant 2005 Dollars = $(150,900,000,000)

2008
Surplus (Deficit) = $(458,553,000,000)
Percent of GDP = -3.2%
Surplus (Deficit) in Constant 2005 Dollars = $(415,500,000,000)

Obama Administration

2009
Surplus (Deficit) = $(1,412,688,000,000)
Percent of GDP = -10.0%
Surplus (Deficit) in Constant 2005 Dollars = $(1,274,000,000,000)

2010
Surplus (Deficit) = $(1,293,489,000,000)
Percent of GDP = -8.9%
Surplus (Deficit) in Constant 2005 Dollars = $(1,147,700,000,000)

2011 (Estimate)
Surplus (Deficit) = $(1,645,119,000,000)
Percent of GDP = -10.9%
Surplus (Deficit) in Constant 2005 Dollars = $(1,439,400,000,000)

Total Net Deficits

Bush
Total Net Deficit = $(2,005,615,000,000)
Annual Avg. Over 8 Years = $(250,701,875,000)

Obama
Total Net Deficit = $(4,351,296,000,000)
Annual Avg. Over 3 Years = $(1,450,432,000,000)




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