What’s Different About Today’s Government Deficit and Debt?
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
If California were a country, it's GDP would place it among the 10 largest nation's in the world. So it's a big deal when the state's official unemployment rate hits 9.3 percent, as it did in December. This is up from 8.4 percent in November, and 5.9 percent in December 2007.