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Strategic Investments
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2002 2003
Last recession
2004 2005 2009
Is the Worst Behind Us?
Total U.S. budget shortfall in each fiscal year, in billions
2010 2011 2012
0
–$40
–$45
–50
–$75 –$80
–100
–$110
–$103*
–$120
–150
Estimate
–$196
–$180
*Reported to date
–200
Source: Center on Budget and Policy Priorities survey
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