United States 09 fiscal year budget deficit fear 1.4 trillion

Financial crisis lead to fiscal 2009 budget deficit in the United States. United States Congressional Budget Office (Congressional Budget Office) of the report states that the United States Government is expected to carry 1.4 trillion fiscal 2009 budget deficit to end.

The business news "reported that according to the report, the United States this fiscal deficit will GDP 9.9%. FY 2008 United States deficit scale 4590 billion this year, the figures almost three times last year, at the same time, also reached the United States deficit since 1945. United States Congressional Budget Office is this due to the financial crisis led to a significant increase in government spending and taxation revenue in the double role.

Congressional Budget Office 7 days, as of September 30, 2009 financial year, the Federal Government revenue decreased $ 4200, and decrease of 17%, the drop is expected for nearly 50 years of history. Which the United States largest source of revenue — personal income tax reduction of 20%, the enterprise income tax declined 54%, reflecting the economic recession.

According to the report, due to the financial industry's rescue plan, resulting in federal government spending has increased by 18%, equivalent to 25% of the GDP, the Congressional Budget Office called "50 years the highest proportion of level".

Expenditure increase mainly for implementation issues asset assistance scheme and rescue mortgage giant Fannie Mae (Fannie Mae) and the beauty of premises (Freddie Mac).

Huge deficits that Obama administration headaches. Obama administration officials and Congressional democratic leaders have repeatedly expressed in the second round of economic stimulus plan on the pressure. Currently, Obama and his aides team is considering a aims to stimulate the economy by spending and tax cuts mixed scheme. Obama in the White House meeting on 7 April Parliament majority leader Reid and House Speaker Pelosi, discussed include increasing unemployment insurance, and other items, the plan.

"We (White House) and the Congress to discuss the plan. "White House spokesman Gibbs said," I think the two parties have reached a consensus that is guaranteed to increase those unemployed people and their families in the sense of security. ”

United States President Barack Obama tried to sell medical reform motion because of reduced budgets and a big step forward. According to the aforementioned report, the latest reform motion will spend the next 10 years and us $ 8290 reduction of federal government deficit 810 million.

Prior to this, Obama asked the medical reform cost control in 10 years 90 billion, and strict requirements without increasing the Federal deficit. The United States Senate Finance Committee health reform motion size of expenditures comply with the requirements of the Obama. Health reform budget cost does not exceed the budget for the parliamentary vote, that motion.