The top priority of the United States government right now is to get the economy growing again.
If that’s the case, and if the federal budget is going to be deficit-neutral, then it will take a serious effort to achieve that goal.
The economy and the budget are not mutually exclusive.
It’s the economy that matters, and it’s the budget that matters.
The budget has to be balanced and have the resources available to accomplish the goals it sets out to achieve.
And, of course, if we’re not getting our economy growing, the economy is going nowhere.
The fact is that both the economy and government are fragile.
The Fed is at least two-thirds of the way to its goal of 1% inflation, while unemployment remains stubbornly high.
Inflation is currently running at 2.3%, and interest rates are at a record high of over 5%.
Even as the economy continues to expand, the U.S. is not making progress in reducing the deficit.
This is not a time to be optimistic about the prospects for deficit reduction.
As a nation, we should be looking at the long-term economic prospects for the United State.
And the best way to achieve those economic prospects is to be willing to address the most pressing challenges facing the nation and the world: the economic challenges facing our aging population, rising costs, an increasing burden of debt, and a global economy that is increasingly unstable.
The following charts and tables summarize key economic indicators, and provide an overview of the federal deficit and debt as a percentage of GDP.
In some cases, the chart displays the overall trend, while other charts display a specific year.
All charts are in terms of a dollar, while most charts display per-capita or per-adult figures.