Here’s a radical idea about the fed budget, let the gov’t run a surplus each year.
The deficit is shrinking because of the Republican Congress. The debt, however, continues to grow.
the deficit is going down because of the sequester.
the national debt on the other hand continues to rise rapidly and now stands above 19 trillion.
I assume many when asked this question mistook deficit for national debt.
Sure its shrinking
Just wait until the next recession. If its at all similar to 2009, it would not be unreasonable to expect a $2 Trillion deficit.
Maybe not - but I bet they know the debt is bigger than ever, and growing by the second.....
Steve Benen is a Soros protege who writes mostly for Rachel Maddow’s maddowblog.com.
Lefties love to quote and cut and paste their Steve Benen articles which come straight out of Soros’ mouth.
The deficit is going down. It is now only larger than every other deficit in history except for tall the other Obama deficits.
The debt continues to increase exponentially and will get even worse if interest rates rise.
Wait till interest rates increase. . . .
We’re screwed.
The deficit usually shrinks under a Rpublican congress. Presdential budgets are dead on arrival, so they can’t take credit.
Obama has been running up the biggest deficits in history. He has added $9 trillion so far to the debt, almost doubling it. Yes, annual deficits may be going down compared to the $1 trillion a year deficits, but the national debt is still increasing.
It contains a grain of truth, however, compared to 2008 deficit spending of 458 billion and 438 billion in 2015, deficit spending barely fell. Which compares Bush's last year to Obama deficit amount for 2015.
Due to TARP adding 700 billion, we should not count 2009.
In 2010, 2011, & 2012 the deficit spending never got below 1 trillion. So the statement that is was falling and quickly is way off the BS meter chart. It was falling but not quickly. In 2013 it fell to around 700 billion, and 2014 fell to around 500 billion. Finally getting past Bush's 458 billion by 20 billion in 2015.
So based upon 2009 figures it fell by approximately 66%. Using Bush's last year of deficit spending figure it fell a little les than 5%.
So my analysis, some truth peppered with lots of chicanery.
Deficit smaller. Debt still blowing the roof off.
Public debt is 19 trillion and growing!!!
Well it’s not shrinking anymore. It shrank after the sequester but now it’s going back up.
Phew! I guess all is well now, the country is back on the right track! Well I guess we don’t need Trump any longer. /s
And what the hell did we get for the $10 Trillion? A new Panama Canal? A Hoover Dam? A trip to the moon? A decrease in poverty?
Eff DC!
People see the word deficit and think debt.
It’s the debt that matters.
I don’t expect the American voter to understand that.
The debt is shrinking just like we have 4.9 unemployment!!!