I have no idea where you're getting those numbers, but you are extremely naive to believe them. Spending isn't being cut [spending growth reduced imperceptibly] and the only growth in the economy is the spending created by the new dollars Bernanke is printing.
New oil supplies are welcome, but to think they alone can save us is wrong. We're sinking like a stone, dude. Not too sure why you're so enamored of current economic policy, either.
Not too sure why you’re so enamored of current economic policy, either.
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Things are happening—ie the deficit is falling despite the best efforts of Obama to kill them. Same thing happened in the 90’s. Newt restrained the growth in government spending while the economy produced so much more revenue for the government that their books balanced. Clinton fought newt tooth and nail. and totally peed on newt for his work. And then clinton took credit for the balanced budget.
Here’s a fox news article on the fall of the US budget deficit.
CBO Says 2013 U.S. Budget Deficit Estimated at $642 Billion
http://www.foxbusiness.com/news/2013/05/14/cbo-says-2013-us-budget-deficit-estimated-at-642-billion/