The 2009 budget deficit—How did we get here?
By John S. Irons
August 20, 2009
EPI Issue Brief #262
The 2009 Budget Deficit
How did we get here?
By John Irons, Kathryn Edwards, and Anna Turner
Contrary to popular assumption, stimulus spending under the American Recovery and Reinvestment Act has been a very small factor in the expansion of the federal budget deficit in 2009. Many policies that pre-date the Obama Administration, including Bush-era spending on the wars in Iran and Afghanistan, are key factors in the growing deficit.
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