Transcript Gross domestic product 2009 $14258000 (Millions of Dollars)

Global Economic Watch
Federal Budgets and Public Policy
February 1, 2010
Budget
The President unveils the fiscal year 2011 Budget,
promoting job creation and the middle class while
making tough choices to put America back on the
path to fiscal sustainability.
Deficits
http://www.whitehouse.gov/omb/budget/fy2011/assets/budget.pdf
10% of GDP
Gross domestic product 2009
$14,258,000 (Millions of Dollars)
Assumptions
http://www.whitehouse.gov/omb/budget/fy2011/assets/budget.pdf
Discussion
What are the main focus areas for the FY11 budget?
What are the projected deficits for the coming years?
What economic assumptions are made when preparing the FY11
budget? Are they realistic?
http://www.whitehouse.gov/blog/2010/02/08/where-we-are-and-where-we-were