Federal Deficit Highest Since 1940s

Federal Deficit Highest Since 1940s

August 1, 2012

Federal Deficit Highest Since 1940s

Elizabeth Flock
USNEWS
The federal deficit is higher than it has been since the 1940s, in the years immediately after World War II.

A new visual from the “Face the Facts USA,” a non-partisan election project from George Washington University, shows the federal deficithas risen significantly under President Barack Obama, and that the government is increasingly spending money it doesn’t have.

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