Political Research 3 Fiscal Year & Deficit

by oinsketta

One of the most important fiscal years for the economy is the Federal Fiscal Year, which defines the U.S. government’s budget. It runs from October 1 of the prior year through September 30 of the year being described. For example:

  • FY 2012 is from October 1 2011 through September 30 2012.
  • FY 2013 is from October 1 2012 through September 30 2013.
  • FY 2014 is from October 1 2013 through September 30 2014.

(source)

Now let’s take a look at Obama’s whopping world-record deficit in fiscal 2009, 

2009 $1416 Billion Deficit

and see how he ran up that much debt so soon after taking office.

Fiscal year 2009 began on October 1, 2008 and ran through September 30, 2009.   Barack Obama was sworn in on January 20, 2009.  

Ah, screw it, read this

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