…USA Income Statement = Net Loses in 45 of 50 Years USA Annual Profits & Losses $500B $0 s $0 os / L t i of r P Net -$500B l ua nn A A US -$1,000B -$1,500B 1969 1976 1983 1990 1997 2004 2011 2018 Source: Congressional Budget Office, White House Office of Management & Budget. Note: USA federal fiscal year ends in September. Internet Trends 265 2019