Happy (Fiscal) New Year: A look back at FY2010

With Oct. 1 marking the beginning of FY 2011, The Committee for Federal Responsible Budget recaps FY 2010:

  • Public debt rose from $7.6 trillion to $9 trillion.
  • Since February 2009, $570 billion in stimulus funds have been dispersed. The bulk of those funds — $392 billion — were spent this past year.
  • The deficit as a percentage of GDP fell from 9.9 percent to 9.1 percent.

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