Now you know why the federal deficit is so big.
The growing federal deficit is among the most difficult and important problems we face.
The federal budget deficit hit a record of $413 billion in 2004.
Between 1933 and 1941 the average federal budget deficit was 3% per year.
The federal budget deficit this year is likely to approach $500 billion, a record.
And the federal budget deficit could be close to $400 billion this year.
There's a lot of talk in this country about the federal deficit.
There was also a growing federal budget deficit which increased to $66 billion.
As a senator, I worried every day about the size of the federal deficit.
In addition to the tax cuts, the bill would cut the federal deficit by $15.9 billion.