Deficit Review: January 2009 to date

http://www.treasurydirect.gov/NP/debt/search?start Month=01&startDay=20&startYear=2009&endMonth=08&en dDay=15&endYear=2013

Debt Held by the public*/total including intergovernmental*:
01/20/2009 6,307,310,739,681.66 10,626,877,048,913.08
...
08/14/2013 11,952,073,953,024.85 16,738,478,559,738.19

Increase:
Public:* 5.648
Overall:* 6.112

*including debt owned by the Fed.
Fed holdings of Treasury securities = $1.9 trillion.
Every dollar of interest paid by the Treasury on that $1.9 trillion goes right back to the Treasury. http://www.federalreserve.gov/releases/h41/current /h41.htm#h41tab3

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January 7, 2009 CBO projected deficit for fiscal year 2009, which ended September 30, 2009:

"CBO projects that the deficit this year will total $1.2 trillion, or 8.3 percent of GDP."

http://www.cbo.gov/sites/default/files/cbofiles/ft pdocs/99xx/doc9957/01-07-outlook.pdf

Projected Deficits:

January 2009:
$1.2 Trillion for 2009

May 2013:
$642 Billion for 2013
$560 Billion for 2014
$378 Billion for 2015

"If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, CBO estimates, the smallest shortfall since 2008. Relative to the size of the economy, the deficit this year—at 4.0 percent of gross domestic product (GDP)—will be less than half as large as the shortfall in 2009, which was 10.1 percent of GDP.Because revenues, under current law, are projected to rise more rapidly than spending in the next two years, deficits in CBO’s baseline projections continue to shrink, falling to 2.1 percent of GDP by 2015".

http://www.cbo.gov/publication/44172
http://www.cbo.gov/sites/default/files/cbofiles/at tachments/44195-BudgetProjections1.xlsx