Without further comment I submit the following information for your consideration:
Year | US GDP $M | Federal deficit $M | Fed. deficit as percentage of GDP | YOY GDP percentage change |
2008 | 14291.5 | 458.55 | 3.2 | |
2009 | 13973.7 | 1412.69 | 10.1 | -2.2 |
2010 | 14498.9 | 1294.37 | 8.9 | 3.8 |
2011 | 15075.7 | 1299.59 | 8.6 | 4.0 |
2012 | 15684.8 | 1086.97 | 6.9 | 4.0 |
2013 | 16202.7 | 680.27 | 4.2 | 3.3 |
Data for GDP are derived from the NBER. Data for the federal deficit are derived from the Census Bureau.
Hmm.
BEA is reporting $16.2 trillion for 2012, and pushing $17 trillion in 2013.
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
In any case, using those numbers, you can see the difference between deficits and growth is narrowing.
2009, 12.3
2010, 5.1
2011, 4.6
2012, 2.9
2013, 0.9
The personal savings rate also has considerable bearing on how one may interpret this data:
http://research.stlouisfed.org/fredgraph.png?g=qVL
Note the surge as the recession progressed, followed by a relative plateau during the period in which budget deficits stabilized, followed by a gradual decline as deficits have begun sharply contracting.