Not true. The deficit for FY 2013 will be $901 Billion and $668 Billion for FY 2014. This is a significant improvement over the $1,327 Billion for FY 2012. The next important step is to grow the economy and get the unemployment rate to around 5% or 6%.
http://www.usgovernmentdebt.us/spending_chart_2007_2017USb_XXs1li111mcn_G0f
” The next important step is to grow the economy and get the unemployment rate to around 5% or 6%.”
Are you insane? Obama has regulated us into hell!
How would YOU grow the economy?
LOL. That’s the projected deficit. It could be higher. And is it based on the Bush tax cuts being extended or cut? On the enactment of Obamacare? On payroll tax holiday being lifted? There are lots of assumptions to reach those figures.
First off, with US debt-to-GDP above 100%, a $668 billion deficit is unstustainable. The chart has it finally leveling off at $500 billion. Still unsustainable. When debt is greater than GDP, you have to drastically cut spending or you enter a downward spiral. No one is proposing true spending cuts.
Second, you say "the deficit for FY 2013 will be." Will it? I don't have a crystal ball myself, but based on Boehner's actions so far, my guess is he folds like a cheap suit. Romney, if he wins, displaned no tendency in Massachusetts to govern any differently than Obama has so far.
“This is a significant improvement over the $1,327 Billion for FY 2012. The next important step is to grow the economy and get the unemployment rate to around 5% or 6%.”
LOL!!!!what turnip truck did you just fall off of?!!Or are you posting from Obama’s press office this afternoon newbie?!!!