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The economic downturn and the federal government?EUR??,,????'?????<???????????????????????(R)?EUR??,,????'????s response continue to shape the near-term budget outlook. In fiscal year 2009 the overall federal deficit reached 9.9 percent of GDP?EUR??,,????'?????<????????????????????the largest since 1945. The deficit is expected to decline only slightly in 2010.
Deficits are projected to decrease further as federal support for states and the financial sector wind down and the economy recovers. However, increased debt and related interest costs will remain. For the landscape industry this means a fragile future in terms of growth. Long-term simulations show that absent policy changes the federal government faces an unsustainable growth in debt.
Recent events have made the fiscal challenge greater. Although the economy is still fragile, there is wide agreement on the need to begin to change the long-term fiscal path as soon as possible without slowing the recovery because the magnitude of the changes needed grows with time. Congress recently enacted a return to statutory PAYGO and, in February, the President established a commission to identify policies to change the fiscal path and stabilize the debt-to-GDP ratio. ?EUR??,,????'?????<???????????????????????(R)??????oe Courtesy of GAO
Francisco Uviña, University of New Mexico
Hardscape Oasis in Litchfield Park
Ash Nochian, Ph.D. Landscape Architect
November 12th, 2025
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