Question

Answer this question before making any changes to spending percentages. What was the budget deficit in 2012?

Answer 1

According to The New York Times, the fiscal deficit for 2012 was $1.1 trillion, is the smallest deficit since 2008. The economic recession caused an excess of federal spending while cutting taxes which worsened the deficit. A budget deficit is the difference there is between expenses and the income, whenever the expenses are higher than the income.

Answer 2

1.1 trillion dollars