File:Cause of change from deficit in 1994 to surplus in 2001.png

Understanding the chart[edit]

Bill Clinton was President for the budgets of fiscal years 1994-2001. CBO historical tables track the change in GDP from major categories of revenue and expense. The waterfall chart covers how they changed. For example:

• Income tax revenue rose from 7.5% GDP in 1994 to 9.4% GDP in 2001, a 1.9% GDP change that reduced the deficit / contributed towards surplus.
• Defense spending fell from 3.9% GDP in 1994 to 2.9% GDP in 2001, a 1.0% GDP change that reduced the deficit / contributed towards surplus.^[1]

References[edit]

Summary[edit]

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