Why Americans are stupid. They think the deficit is RISING each year.
The Fox News Liars and the GOP have convinced over 90% of Americans that the deficit is increasing every year. Only 6% actually knew that the deficit is shrinking and has been for over 3 years. It is nearly as low as any deficit in the last 30 years.
But stupid Americans have it so horribly wrong. What happened to the intelligent American?
I think you may be one of the most stupid if you believe your own spew. Massive deficit spending will bankrupt the country whether it is shrinking a little, or growing a little. When you have to borrow 1//3 of the GDP to pay your bills, you and everyone else in the country has a big problem. Wake up fool.
Current annual deficit is more than $800 billion per year... NOT the lowest in 30 years, but the lowest in the past three years of Obama's Presidency. If you like numbers, $800 billion borrowed at 1% interest requires $8 billion dollars a year in debt service... And the more borrowed, the more yearly interest must be paid... Hope you have lots of money for future and endless annual debt service....
Revenue estimate is 2.7 T with a continuing resolution (no budget in years) on track to spend 3.7 T The difference is the deficit: 1 T
It is amusing to see "only" 1T as some kind of improvement, since as the rest of the facts are along your lines: when the spending continues without revenue, the difference is borrowed and the payback includes interenst so the total is more.
PS Who is loaning money to the US gov't at 1%?
PPS Who is unwilling to actually submit a budget...not the Republicans. It's Obama and the Democrats. Even when they had a majority in both houses with Obama President, they would not submit a budget. It ought to be actionable in court.