Tag Archives: US budgets

US Budgets (since 1901) and the Credit Crisis

The visible crisis effect in the UK budget deficit made me investigate the equivalent US figures.

The historic figures show how the two world wars were financed. The current budgets contain estimates until 2015. All data is downloaded from the Government’s Printing Office.

Please click on thumbnail to enlarge.

World War I in US dollars

World War II in US dollars

Steady increase in expenditure and income

The budget deficit going down

The crisis shows, albeit somewhat delayed

The crisis jump - but later than in the UK!

I was asked for the message that these charts paint:

  1. the US government seems to have financed WWI and WWII
  2. the budget deficit has been negligeable, except for war times
  3. the credit crisis made the deficit jump and continue to be way above its norm.
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