Submitted by Fox First at Ten on October 12th
By The Associated Press
The federal government's deficit for the 2012 budget year, which ended Sept. 30, totaled $1.1 trillion. Or, more precisely, $1.089 trillion.
It was $207 billion lower than in 2011. Yet it marked the fourth straight year that the deficit had exceeded $1 trillion.
Here's a look at the deficits over the past 12 years, dating to 2001, the last time the United States ran a surplus. The surplus that year was one in a string of four from 1998 to 2001. That was the longest stretch in which the budget had been in surplus since the 11 years that ended in 1930.
Before the $1 trillion-plus deficits of the past four years under President Barack Obama, the widest gap had been the $458.6 billion deficit in 2008. That was President George W. Bush's last full year in office.
2012 -$1.089 trillion 2011 -$1.297 trillion 2010 -$1.294 trillion 2009 -$1.413 trillion 2008 -$458.6 billion 2007 -$160.7 billion 2006 -$248.2 billion 2005 -$318.3 billion 2004 -$412.7 billion 2003 -$377.6 billion 2002 -$157.8 billion 2001 $128.2 billion
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