Recoveries from Financial Recessions C. Schultze: Panel Discussion Recoveries from Financial Recessions Source: International Monetary Fund World Economic Outlook 2009: Chapter 3

U.S. Budget Totals and Debt1 as percent of GDP C. Schultze: Panel Discussion U.S. Budget Totals and Debt1 as percent of GDP Revenues Outlays Deficit Debt2 1959 - 47.9 1960-99 18.2 20.4 -2.2 39.8 2000-07 18.3 19.6 -1.3 36.9 2008-11 16.6 24.7 -8.1 68.3 2012 18.5 22.7 -4.2 70.1 2019 18.8 24.5 -5.7 82.4 1: Data from the 2009 Forward from CBO (A Preliminary Analysis of the President’s Budget and an Update of CBO’s Budget and Economic Outlook) 2: Debt held by the public; end of period