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The Water Cooler
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Federal Deficit getting smaller - according to the latest news reports
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<blockquote data-quote="ez bake" data-source="post: 2120881" data-attributes="member: 229"><p>So a friend who leans a little left posted something about the deficit shrinking every year and I looked into it (I have to admit, I know very little about how the national debt/deficit numbers actually translate to real-world numbers that mean something to me). </p><p></p><p>Turns out that the deficit is shrinking according to nearly every source I can find (here's an example):</p><p></p><p><a href="http://www.usgovernmentspending.com/federal_deficit_chart.html" target="_blank">http://www.usgovernmentspending.com/federal_deficit_chart.html</a></p><p></p><p>So every one of the pro-dem media-channels out there seem to be harping on the fact that Republicans are screaming about debt over nothing.</p><p></p><p>But then I looked into the total amount of debt we've been in over the last several years and found this:</p><p></p><p><a href="http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm" target="_blank">http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm</a></p><p></p><p>So does this mean we're going into debt more slowly, but still going into debt? And our debt is approaching record high levels (or what)?</p><p></p><p>Because I've got to be honest, it seems impossible that we're going into debt more slowly, yet Obama's term has yielded nearly the same amount of debt as Bush's over the course of just over half a term.</p></blockquote><p></p>
[QUOTE="ez bake, post: 2120881, member: 229"] So a friend who leans a little left posted something about the deficit shrinking every year and I looked into it (I have to admit, I know very little about how the national debt/deficit numbers actually translate to real-world numbers that mean something to me). Turns out that the deficit is shrinking according to nearly every source I can find (here's an example): [url]http://www.usgovernmentspending.com/federal_deficit_chart.html[/url] So every one of the pro-dem media-channels out there seem to be harping on the fact that Republicans are screaming about debt over nothing. But then I looked into the total amount of debt we've been in over the last several years and found this: [url]http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm[/url] So does this mean we're going into debt more slowly, but still going into debt? And our debt is approaching record high levels (or what)? Because I've got to be honest, it seems impossible that we're going into debt more slowly, yet Obama's term has yielded nearly the same amount of debt as Bush's over the course of just over half a term. [/QUOTE]
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