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Under Obama, budget deficit has been cut in half

This is a discussion on Under Obama, budget deficit has been cut in half within the Current Events forums, part of the US Discussion category; The Best Kept Secret In American Politics-Federal Budget Deficits Are Actually Shrinking! - Forbes Only 6% of people know that the budget deficit has gone ...


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Old 05-09-2013, 07:04 AM
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Under Obama, budget deficit has been cut in half

The Best Kept Secret In American Politics-Federal Budget Deficits Are Actually Shrinking! - Forbes

Only 6% of people know that the budget deficit has gone from 10.1% of GDP to 5.2% of GDP under Obama.

This fact is contrary to what conservatives claimed was going to happen.
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Old 05-09-2013, 07:06 AM
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"No new taxes...."
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Old 05-09-2013, 07:10 AM
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Quote: Originally Posted by TakeAStepBack View Post
"No new taxes...."
Read my lips
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Old 05-09-2013, 07:16 AM
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While these deficit numbers are, without question, a legitimate improvement, they are deficits none the less— which means the nation’s debt continues to grow. What’s more, the CBO projects that the good news will—if we remain on our current trajectory—turn negative in fiscal year 2015 and begin climbing once again unless we do something to cut spending, increase revenues or find some combination of the two.

Celebrate while it lasts.
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Old 05-09-2013, 07:16 AM
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And since we cant cut spending, we'll get a brand new tax to go with the taxes we already have gotten while we were promised otherwise.

Dem LOLberal morans will cheer.
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Old 05-09-2013, 07:04 PM
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Quote: Originally Posted by TakeAStepBack View Post
And since we cant cut spending, we'll get a brand new tax to go with the taxes we already have gotten while we were promised otherwise.

Dem LOLberal morans will cheer.
What's a moran?
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