Declining Federal Deficit Appears Manageable: Q3 2005
The U.S. Federal Deficit fell to 15.6% of federal government receipts in Q3 2005. At this level, the deficit was 3.3% of household income, which was about the same ratio to household income as in 1995. (See Flow of Funds Tables F106 and F100, and the graph, below.) Since taxation of individuals is […]