Most Americans Don't, Thanks to Shameless Deficit Hawk Propaganda
The deficit is down 37.6 percent for the first 10 months of 2013. But half of Americans think it’s growing. Here are the facts friends: The U.S. budget deficit has been shrinking at a rapid rate over the last few months. The deficit peaked at 10.2 percent of GDP in 2009, but over the past four quarters, it has shrunk to a mere 4.2 percent of GDP. What’s more, the Congressional Budget Office predicts that the deficit will fall to 2.1 percent of GDP in 2015.
Why such a disconnect? Unfortunately, disgraceful propaganda has left the public misinformed, confused and woefully ignorant.
That is great news! I had heard that on the radio, but forgotten since it was an early morning drive home. Bush was the worst thing that ever happened to the economy in this country.
Vice Lord wrote: The U.S. budget deficit has been shrinking at a rapid rate over the last few months. The deficit peaked at 10.2 percent of GDP in 2009, but over the past four quarters, it has shrunk to a mere 4.2 percent of GDP. What’s more, the Congressional Budget Office predicts that the deficit will fall to 2.1 percent of GDP in 2015.
Dispute this- In other words: What about this is not true?
They scream about the "deficit", until you point out that the deficit is shinking--a lot... Then they move the goalposts, and now they talk about "the debt"--which are two different topics. So, then when you show them the history of the debt:
All of sudden, they want to talk about the deficit.... Duh....
Save your panic about "the debt" for someone else...You guys are responsible for most of it.
Vice Lord wrote: The U.S. budget deficit has been shrinking at a rapid rate over the last few months. The deficit peaked at 10.2 percent of GDP in 2009, but over the past four quarters, it has shrunk to a mere 4.2 percent of GDP. What’s more, the Congressional Budget Office predicts that the deficit will fall to 2.1 percent of GDP in 2015.
Dispute this- In other words: What about this is not true?
