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Understanding the chart

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]

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Summary

Description
English: Waterfall chart shows cause of change from deficit in 1994 to surplus in 2001, measured as a % GDP.
Date
Source Own work
Author Farcaster

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