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The growing deficit (of knowledge on the deficit)
August 21, 2013 - Chris Tomassucci
How do you think the US Federal Government’s yearly budget deficit has changed since January 2010?
We all know that terrible guy, “Obama,” has been in the White House for years now. And for years conservatives have been warning us of impending economic doom — crippling inflation always right around the corner — because of the profligate spending of Democrats.
Conservative intellectual heavyweight and Congressman from Virginia, Eric Cantor, recently told Chris Wallace on Fox News Sunday that the out of control growing deficit may lead to a government shutdown this year during budget negotiations.
So, how do you think the Federal Government’s yearly budget deficit has changed in recent years?
It’s growing out of control, right?
No. Wrong. It’s not growing. It is shrinking (SEE ATTACHED CHART).
If you thought it was growing, don’t feel bad. Turns out those loud noises coming from the Right have left that impression in a lot of minds in America. Check out the results from this survey.
The question asked in the survey was the same one I posed in the first sentence of this blog: How do you think the US Federal Government’s yearly budget deficit has changed since January 2010?
Over 51% of respondents think the deficit has increased in that time period. Just 23.5% believe it has shrunk.
How can we have an honest debate about anything if we don’t even start with the same basic facts?
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