United States highest fiscal deficit problem has resurfaced for the 2007

Thursday United States Government unveiled deficit in 2015, $439 billion, equivalent to 2.5% per cent of total GDP.

This is the largest deficit since 2007, when the deficit of $161 billion for the year, only 1.1% per cent of total GDP, number 2014 for $44 billion, 9% per cent of total GDP.

This United States Government revenues totalled 3.25 trillion dollars, representing increases of 8%, which as a result of labour market growth, personal income increased by 11%, corporate income tax also increased by 7%.

This United States Government expenditure was 5% over last year to $3.69 trillion, including spending more on health care and education, but in defense, transportation, agriculture and some expenses such as bond yields declined.

Long term, because the baby boomers are about to enter the age of retirement, will the Government cost of the elderly would become unsustainable.

United States Congressional Budget Office warned United States deficit will rise further in 2018, after 2025 may be fully linked with the GDP.

Today the United States debt totals $18.1 trillion, accounting for 74% of the total GDP. Budget Committee President Maya MacGuineas believes that United States should be in better economic times active in restructuring the financial structure, because this work in the context of economic conditions will be very difficult.