Mon, May 28, 2012, 1:27 PM EDT - U.S. Markets closed for Memorial Day

A glance at Obama's economic assumptions

A glance at the economic assumptions President Barack Obama used in his fiscal 2013 budget

WASHINGTON (AP) -- A glance at the economic assumptions underlying the budget President Barack Obama submitted to Congress for the fiscal year beginning Oct. 1. Gross Domestic Product is in trillions of dollars.

2010 2011 2012 2013 2014 2015
Gross Domestic Product 14.5 15.1 15.8 16.5 17.4 18.4
GDP % Change, Year to Year 4.2 4 4.5 4.7 5.3 6
GDP % Change, Adjusted for Inflation 3 1.8 2.7 3 3.6 4.1
Consumer Price Index, % Change, Year to Year 1.6 3.2 2.2 1.9 2 2
Civilian Unemployment Rate 9.6 9 8.9 8.6 8.1 7.3
Interest Rate on 91-day Treasury Bills 0.1 0.1 0.1 0.2 1.4 2.7
Interest Rate on 10-year Treasury Notes 3.2 2.8 2.8 3.5 3.9 4.4

 

2 comments

  • Nels  •  2 months ago
    Obama = High unemployment, high gas prices, high spending, high food prices, high taxes and high national debt!! ... Obama and his distinguished colleagues borrow 40 cents for every dollar they spend!! .... Wonder why Obama has a debt problem??? ... Try doing that with your household budget and see how long you last.
  • A Yahoo! User  •  Santa Ana, California  •  3 months ago
    As usual, flagrantly too optimistic. And he still has a deficit of over $1/2 trillion in 2018? Vote this pothead out of office NOW!
 
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