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

[gonzoliberal]

It's an indisputable fact: The budget deficit is getting smaller.

continued...

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.

But when Bloomberg News commissioned a survey asking Americans whether they believed the budget deficit was growing or shrinking, just six percent answered the question correctly. Ninety-four percent had no clue. And 62 percent actually thought it was getting bigger.

So the next time you hear a poll about how Americans think it's important to shrink the budget deficit, keep in mind that 94 percent of us don't even know that it's getting smaller.

.......


A lie will make it halfway around the world before the truth can get out of bed.

The Republicans have ya'll convinced that the betaverse is REAL.

[ms maggie]

People confuse the deficit w the debt. But it doesn't stop them from having strongly held opinions.

[flyboy56]

People confuse the deficit w the debt. But it doesn't stop them from having strongly held opinions.

Show a link to this confusion.

[Morgan208]

But the national debt keeps rising, so what's your point?

[sage]

Deficit, debt, tomato etc.

http://www.usdebtclock.org/

Who Did It, and Why?

As the clocks below tell us, the debt it still out of control. But to see when and why this started, you might want to click the graph at the right and watch the YouTube debt video. Or get this graph and much more on zFacts' New App (with no ads).
We Are in Danger! ... but Not from the Debt

The danger is from the Great Recession that has cost America 10 million jobs. The debt frenzy is making that worse. Take a look (in the graph) at how the debt skyrocketed during World War II. That's how we ended 12 years of Great Depression. This time it's tougher because Reagan and the Bushes ran the debt much higher in good times than it was at the start of WW II. But as Reagan understood, cutting government spending in a recession only makes it worse. Yes, we must pay down the debt, as Clinton was doing, but not while 17 million are out of work. ... more
http://zfacts.com/p/461.html

[flyboy56]

The projected budget most likely comes from the president's sequester plan. Which is why Boehner is fine with it as he says it gives him 98% of what he wants.

[flyboy56]

Deficit, debt, tomato etc.

http://www.usdebtclock.org/

Who Did It, and Why?

As the clocks below tell us, the debt it still out of control. But to see when and why this started, you might want to click the graph at the right and watch the YouTube debt video. Or get this graph and much more on zFacts' New App (with no ads).
We Are in Danger! ... but Not from the Debt

The danger is from the Great Recession that has cost America 10 million jobs. The debt frenzy is making that worse. Take a look (in the graph) at how the debt skyrocketed during World War II. That's how we ended 12 years of Great Depression. This time it's tougher because Reagan and the Bushes ran the debt much higher in good times than it was at the start of WW II. But as Reagan understood, cutting government spending in a recession only makes it worse. Yes, we must pay down the debt, as Clinton was doing, but not while 17 million are out of work. ... more
http://zfacts.com/p/461.html

No party has made an effort to pay the debt down, whether in good times or bad. Today is a great day to start paying it down. If this country is so great economically, it'll weather it.

[ms maggie]

Show a link to this confusion.

A link? Sorry it's just self evident. Read some of the posts on this board.

[flyboy56]

A link? Sorry it's just self evident. Read some of the posts on this board.

Then show me the posts where people on this board are confusing the deficit with the national debt? I find that hard to believe. Most people can figure out the difference between their annual budget and what their total debt is. You don't give American's much credit ms maggie.

[Jeebus]

... the president's sequester plan. .

Which does nothing to cut spending, only reduces the rate of spending increase.

Even with the sequester, spending still increases $15 BILLION more this year over last year.

Only in Washington is this seen as a "drastic, draconian spending cut."

[SemiAuto]

It's an indisputable fact: The budget deficit is getting smaller.

continued...

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.

But when Bloomberg News commissioned a survey asking Americans whether they believed the budget deficit was growing or shrinking, just six percent answered the question correctly. Ninety-four percent had no clue. And 62 percent actually thought it was getting bigger.

So the next time you hear a poll about how Americans think it's important to shrink the budget deficit, keep in mind that 94 percent of us don't even know that it's getting smaller.

.......


A lie will make it halfway around the world before the truth can get out of bed.

The Republicans have ya'll convinced that the betaverse is REAL.

Do the same thing using 2007 or 2008 as a base year and get back to us.

[Joy in Mudville]

No party has made an effort to pay the debt down, whether in good times or bad.

Stop lying.

[Joy in Mudville]

Do the same thing using 2007 or 2008 as a base year and get back to us.

Wow, a financial crisis led to a massive recession and the deficit went up. Shocking.

[flyboy56]

Stop lying.

Even when Clinton had a surplus the national debt still rose. I guess you are one of the posters ms maggie was claiming didn't know the difference between the deficit and the national debt.

[Cameron]

But the national debt keeps rising, so what's your point?

Even when Clinton had a surplus the national debt still rose.

Due to the interest on the debt.

Money ain't free.

[flyboy56]

Due to the interest on the debt.

Money ain't free.

He also didn't put the surplus towards paying down the debt either.

[Cameron]

He also didn't put the surplus towards paying down the debt either.

"He?"

Clinton?

Clinton increased our debt by about 26% over his 8 years.

Reagan tripled our debt and Bush doubled it.

Are ya sure ya wanna talk about Clinton?

[flyboy56]

Everyone touts the good old days of Bill Clinton and his $400 + billion dollars budget surpluses of 1998,1999 and 2000, oddly enough, didn’t go towards reducing the National Debt except for a short term $30 billion, we can attribute to election posturing, that President Clinton threw at the National Debt in spring of 2000. This miniscule showtime reduction was eclipsed by August of the same year. The debt chart lower on the page shows the debt history in facial year 2000. It was nothing but election year showmanship.

http://www.free-press.biz/usa/national-debt.htm

[Cameron]

Everyone touts the good old days of Bill Clinton and his $400 + billion dollars budget surpluses of 1998,1999 and 2000, oddly enough, didn’t go towards reducing the National Debt except for a short term $30 billion, we can attribute to election posturing, that President Clinton threw at the National Debt in spring of 2000. This miniscule showtime reduction was eclipsed by August of the same year. The debt chart lower on the page shows the debt history in facial year 2000. It was nothing but election year showmanship.

http://www.free-press.biz/usa/national-debt.htm

AGAIN, Reagan tripled our debt and Bush doubled our debt without paying off one cent.

Are you sure you want to talk about Clinton not paying off enough of their debt?

[flyboy56]

"He?"

Clinton?

Clinton increased our debt by about 26% over his 8 years.

Reagan tripled our debt and Bush doubled it.

Are ya sure ya wanna talk about Clinton?

That's right wiz kid, Reagan started the US on the path to accumulating a large national debt. And no president since has change the course of the national debt accumulation.