Sunday, May 3, 2015

94 percent of Americans don't know the budget deficit is getting smaller

Yeah dude it's crazy, but it's true!
It's an indisputable fact: The budget deficit is getting smaller.

In fiscal year 2010, which was President Obama's first full fiscal year in office, the budget deficit was $1.3 trillion. In fiscal year 2013, the Congressional Budget Office projects it will be $845 billion. That's a 35 percent decrease in terms of dollars, and it's even bigger—41 percent—if you're tracking the deficit as a share of the GDP. The percentage drop is even bigger—roughly 50 percent—if you start from fiscal year 2009, which overlapped the final year of the Bush presidency and the first year of Obama's.  READ MORE

No comments: