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U.S. Fiscal Imbalance, 1970-2010

Thax Policy Center's TaxVox blog (01/27/2011) presents the graph below plotting federal spending and revenues during 1970-2010. For most of the past four decades, the federal budget has been above the dark blue 45-degree line, where the the budget was balanced when spending matches revenues.

Budget_Jan2011.gif

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Hubert H. Humphrey Institute of Public Affairs