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CBO: Budget Outlook 2010

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The Budget and Economic Outlook: Fiscal Years 2010 to 2020, January 2010 – Executive Summary / Full Report

  • “The Congressional Budget Office projects that if current laws and policies remained unchanged, the federal budget would show a deficit of $1.3 trillion for fiscal year 2010. That amount would be slightly smaller than the 2009 deficit but, as a share of the economy as a whole (measured by gross domestic product, or GDP), it would still be the second largest since World War II. The budget picture remains daunting beyond this year, with deficits averaging about $600 billion annually from 2011 through 2020.”
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