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Corning Inc. Message Board

  • gfo99 gfo99 Jul 8, 2013 10:18 PM Flag

    Shrinking Budget Deficit, there's nothing this leader can't do.

    BUDGET DEFICIT SHRINKING - We often forget Newton's fourth law, which observes the inverse relationship between the size of the deficit and the number of Benghazi questions that need answers. The Hill: "The White House on Monday estimated that the budget deficit for 2013 will be $759 billion -- a difference of $214 billion from the $973 billion deficit projected in President Obama's budget. If the projection proves correct, it would be the first time since Obama took office that the deficit fell below $1 trillion for the fiscal year. The White House budget office's annual mid-session review says that as a percentage of gross domestic product (GDP), the deficit would be 4.7 percent compared to 6 percent projected in the budget. Buried in the report's tables, however, can be found an increase in deficits compared to the earlier estimate in later years. The deficit for 2014 is projected to increase from $744 billion to $750 billion, and by 2023, the deficit clocks in at $549 billion, $109 billion larger than previously estimated if Obama's blueprint were to be adopted." [The Hill]

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