What was the federal budget deficit or surplus in 2006? In 2007?

Question

What was the federal budget deficit or surplus in 2006? In 2007?

Answer 1

The national debt (trillions of dollars) is different from the annual federal deficit.

Annual federal deficit:

2006: $248 billion

2007: $162 billion

In contrast, from the years 1998 to 2001, the federal budget ran at a surplus.

1998: $69 billion

1999: $125 billion

2000: $236 billion

2001: $128 billion

Since 2002 (deficit of $158 billion) the federal government has been running deficits.

Take it as you will, but between 2002 and 2006, Republicans controlled the White House and both houses of Congress.

Answer 2

2006: (Approximately) $8.5 trillion

2007: $9 trillion

Answer 3

surplus?!?!?   HAHAHA!  Thanks, I needed a good  laugh!