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Gathered Wednesday, 25 April 2012

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1 Gathered Wednesday, 25 April 2012
Economic Graphs from the Congressional Budget Office, the Bureau of Labor Statistics, et al Gathered Wednesday, 25 April 2012

2 Terms Budget Deficit is when the government plans to spend more money than it took in in taxes. Congress formulates a new budget for every year. Tax Revenues – Spending = Budget surplus or deficit. National debt is the amount of money the United States has borrowed from other countries through selling Treasury bonds and other financial instruments.

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11 Democrats: FDR, Truman, JFK, LBJ, Carter, Clinton, Obama
Republicans: Eisenhower, Nixon, Ford, Reagan, Bush I, Bush II

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