Huck was right. Read the article. We're already above 300 billion this fiscal year, which we're already 10 months into. Unless we have large surpluses for the next two months, we are very likely to finish with a deficit over $ 300 billion by the end of the year.
read what was said before my post.
August will be a large deficit and Sep a large surplus.
$300b is probably where we'll be for the year and that would be about 2.5% of GDP. For 2005 FY the debt/GDP ratio will have fallen