With the present state of the U.
S.
economy, the total amount of the U.
S.
federal deficit has significantly increased.
The outstanding total public debt is now amounting to $14.
46 trillion according to June 2011 reports.
This number is also equivalent to an estimate of 98.
6 percent of 2010's Gross Domestic Product or GDP.
As outlined by 2010 reports, the federal deficit of United States ranks as the 12th largest debt worldwide.
The government budget deficit isn't similar to the trade deficit but both aspects affect the federal deficit.
Trade deficit is the difference between exports and imports while the budget deficit is the acquired shortage from the annual government budget.
The securities issued by the State and Local Government Series are maintained by the state and local governments but aren't included in the federal deficit.
The annual deficit on the government budget pertains to the difference in the amount between government statements and government costs excluding intra-governmental transactions.
The direction to which the gross public debt moves largely depends on the merged amount of the budget deficit or surplus.
The total deficit has dramatically increased to $500 billion each year starting in 2003 and has ascended to $1 trillion five years after.
In 2009, the reported national debt hit $1.
9 trillion and $1.
7 trillion last year.
These numbers show that the credit outlook of U.
S.
became negative as of April 2011.
Looking back to the history, the federal government of the United States of America already had debt from the start and reports reveal that it ascended throughout the American Revolutionary War.
As documented on January 1791, the federal deficit reached over $75,000,000.
There were 14 surpluses and just 2 recorded deficits in the years 1796-1811.
The earliest dramatic increase in the federal deficit occurred during the War of 1812 and in the next 20 years after, the government paid 99.
97 percent of its total debt.
During the Civil War, another significant increase happened in America's economy, thus blowing up the debt in 1860.
The total deficit hit $65 million and increased up to $1 billion in 1863.
After the war, the debt drastically increased to $2.
7 billion and in the next 47 years, the federal government began exercising surplus management.
U.
S.
reported 36 surpluses and only 11 deficits.
During this period, 55 percent of the total federal debt was paid off.
Another major increase in federal deficit occurred during the First World War.
The total amount of debt amounted to $25.
5 billion and U.
S.
had 11 surpluses during this time and about 36 percent of the overall debt was eventually paid back.
The U.
S.
federal deficit grew to its largest during the historic Great Depression.
The sixteen-fold increase happened during F.
D.
Roosevelt and Truman's administration.
The gross public debt reached the amount of $16 billion in 1930 and it increased drastically to $269 billion after 20 years.
After this period, dramatic raise in the total public debt happened and it almost exceeded the inflation rate with values of $260 billion in 1950 and $909 billion in 1980.
S.
economy, the total amount of the U.
S.
federal deficit has significantly increased.
The outstanding total public debt is now amounting to $14.
46 trillion according to June 2011 reports.
This number is also equivalent to an estimate of 98.
6 percent of 2010's Gross Domestic Product or GDP.
As outlined by 2010 reports, the federal deficit of United States ranks as the 12th largest debt worldwide.
The government budget deficit isn't similar to the trade deficit but both aspects affect the federal deficit.
Trade deficit is the difference between exports and imports while the budget deficit is the acquired shortage from the annual government budget.
The securities issued by the State and Local Government Series are maintained by the state and local governments but aren't included in the federal deficit.
The annual deficit on the government budget pertains to the difference in the amount between government statements and government costs excluding intra-governmental transactions.
The direction to which the gross public debt moves largely depends on the merged amount of the budget deficit or surplus.
The total deficit has dramatically increased to $500 billion each year starting in 2003 and has ascended to $1 trillion five years after.
In 2009, the reported national debt hit $1.
9 trillion and $1.
7 trillion last year.
These numbers show that the credit outlook of U.
S.
became negative as of April 2011.
Looking back to the history, the federal government of the United States of America already had debt from the start and reports reveal that it ascended throughout the American Revolutionary War.
As documented on January 1791, the federal deficit reached over $75,000,000.
There were 14 surpluses and just 2 recorded deficits in the years 1796-1811.
The earliest dramatic increase in the federal deficit occurred during the War of 1812 and in the next 20 years after, the government paid 99.
97 percent of its total debt.
During the Civil War, another significant increase happened in America's economy, thus blowing up the debt in 1860.
The total deficit hit $65 million and increased up to $1 billion in 1863.
After the war, the debt drastically increased to $2.
7 billion and in the next 47 years, the federal government began exercising surplus management.
U.
S.
reported 36 surpluses and only 11 deficits.
During this period, 55 percent of the total federal debt was paid off.
Another major increase in federal deficit occurred during the First World War.
The total amount of debt amounted to $25.
5 billion and U.
S.
had 11 surpluses during this time and about 36 percent of the overall debt was eventually paid back.
The U.
S.
federal deficit grew to its largest during the historic Great Depression.
The sixteen-fold increase happened during F.
D.
Roosevelt and Truman's administration.
The gross public debt reached the amount of $16 billion in 1930 and it increased drastically to $269 billion after 20 years.
After this period, dramatic raise in the total public debt happened and it almost exceeded the inflation rate with values of $260 billion in 1950 and $909 billion in 1980.
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