File:U.S. Budget Deficits CBO 2009 Forecast vs Actual.png

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Understanding the chart

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The chart shows three data series from the Congressional Budget Office Budget & Economic Outlook documents for 2009 (forecasts) and 2016 (actual).

  • CBO January 2009 baseline, which assumed the Bush tax cuts of 2001 and 2003 would expire in 2010, along with other smaller tax cut expiration.[1] Sum of deficits: $3.7 trillion.
  • CBO January 2009 baseline adjusted, assuming the tax cuts would not expire. This data necessary to construct this series is provided in an alternate CBO scenario available in the supplemental data spreadsheets supporting the CBO report. Add the effects of the Bush tax cut extension and other tax cut extensions to the baseline series to derive this series. Sum of deficits: $5.7 trillion.
  • Actual deficits reported by the CBO for 2009-2016. The 2016 deficit statistic is from the CBO Monthly Budget Outlook for October 2016. Sum of deficits: $7.3 trillion

Sources

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  1. CBO Budget and Economic Outlook 2009-2019. CBO. Retrieved on November 21, 2016.

Summary

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Description
English: Image compares U.S. budget deficits forecast by CBO in 2009 under two scenarios and the actual budget deficits that occurred during the Obama administration.
Date
Source Line chart based on CBO data
Author Farcaster

Licensing

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I, the copyright holder of this work, hereby publish it under the following licenses:
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File history

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Date/TimeThumbnailDimensionsUserComment
current14:41, 26 January 2017Thumbnail for version as of 14:41, 26 January 20171,224 × 725 (88 KB)Farcaster (talk | contribs)Update
16:58, 21 January 2017Thumbnail for version as of 16:58, 21 January 20171,088 × 727 (84 KB)Farcaster (talk | contribs)Colors
23:36, 4 December 2016Thumbnail for version as of 23:36, 4 December 20161,343 × 782 (136 KB)Farcaster (talk | contribs)Add $ billions to header
20:16, 23 November 2016Thumbnail for version as of 20:16, 23 November 20161,221 × 726 (88 KB)Farcaster (talk | contribs)Added notation to lines
19:42, 23 November 2016Thumbnail for version as of 19:42, 23 November 20161,227 × 725 (85 KB)Farcaster (talk | contribs){{subst:Upload marker added by en.wp UW}} {{Information |Description = {{en|Image compares U.S. budget deficits forecast by CBO in 2009 under two scenarios and the actual budget deficits that occurred during the Obama administration.}} |Source = Line c...

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